Â¡Â¡Chinese economy sets for soft landing in 2005: ADB
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China will succeed in cooling off an overheated economy and achieve a soft landing, according to a major Asian Development Bank (ADB) report released on Wednesday.
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NEW DELHI: Hit by high crude oil prices and poor monsoon, India&#39;s economic growth is expected to slow down to 6.5 percent in 2004-05 fiscal, an Asian Development Bank (ADB) report said on Wednesday.
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China's efforts to moderate its economic boom appear to be taking hold, central bank governor Zhou Xiaochuan said Sunday, reiterating Beijing's pledge to consider easing controls on its currency.
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A think tank at People's University has forecast China's economic growth will slow to about 9.25 percent in 2007 and remain near that rate through 2010, the Beijing News reported on Sunday.
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Asian economies are heading for robust economic growth in 2004, followed by a slight slowdown in 2005, the Asian Development Bank has said.
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A soft landing for China&#39;s booming economy is not yet a sure thing, the International Monetary Fund said on Wednesday, despite a raft of measures by Beijing to slow investment in overheated sectors.
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China said cooling the world&#39;s fastest- growing major economy and maintaining a stable currency will be government priorities next year.
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Chinese leaders closed a key economic  meeting on Sunday with pledges to maintain stable fiscal and  monetary policies in 2005 and keep a tight lid on fixed-asset  investment, state radio said.
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Economies in developing Asia are expected to expand 7.7 percent this year, higher than the 7.2 percent initially projected, thanks to booming growth in China and India, the Asian Development Bank said Wednesday.
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ALTHOUGH the Asian Development Bank projected a slow-down of India&#39;s economic growth to 6.5 per cent in fiscal 2004 and six per cent in 2005, due to current high oil prices among other factors, an ADB official told Business Line that the issues relating
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China's economy will grow by 9.3 percent this year, the government forecast Thursday, amid signs that efforts to tame the economic boom may be failing to cap inflation.
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China&#39;s economy has slowed modestly for the third successive quarter, raising hopes of success in a delicate battle to reduce the risk of overheating without provoking a crash.
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For one thing, even if Chinese growth slowed in the third quarter, it won&#39;t indicate whether Asia&#39;s second-biggest economy is avoiding a hard landing.
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The World Bank says China's economic boom will soften this year's expected global economic slowdown.
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Chinese leaders closed a key economic meeting on Sunday with pledges to maintain stable fiscal and monetary policies in 2005 and keep a tight lid on fixed-asset investment, state radio said.
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The central bank says China's economy should grow by 10.5 percent this year, state media reported Sunday, even stronger than the 10 percent predicted last week by the National Bureau of Statistics.
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China's economy will continue to race ahead at a near double-digit rate, analysts said Monday, despite a call by Premier Wen Jiabao's for a more controlled pace of development.