China expects 10.5 percent yearly growth
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China's economy should expand by 10.5 percent this year as an investment boom surges ahead despite tightening government controls, the country's top planner said in comments reported Monday by state media.
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China's economic growth reaches its highest level in 13 years, with growth of 11.4% in 2007.
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WASHINGTON : The world economy, powered in part by China, will grow this year at its briskest pace in almost three decades - five percent - before losing steam in 2005 in the face of higher oil prices, the IMF said on Wednesday.
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The Chinese Academy of Social Sciences said China&#39;s gross domestic product will grow 9.4 percent this year and slow to just above 8 percent next year, according to published reports Monday.
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BEIJING : China has decided to raise its benchmark one-year lending rate to 5.58 percent from 5.31 percent with effect Friday, the first such move in nearly a decade, the central bank said on its website.
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Chinese President Hu Jintao said the booming economy in China would grow by "around 9.0 percent" this year as controls implemented to slow overheated sectors of the economy took effect.
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China is set to become to the world's largest consumer of energy by 2010, a report claims.
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The proposal is expected to raise $10 billion over the next five years in an effort to eliminate the deficit by 2012.
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that is, in other countries such as China and India. According to an IDC study, China&#39;s IT growth is expected to be 15% annually and India&#39;s about 20%.
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China on Thursday announced it will raise interest rates for one-year loans by 0.27 percentage points to 5.58%, the first increase in more than nine years.
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China's first plan to confront climate change cites growth as its top priority.
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China's economy grew by 9.5 percent in the first three quarters of 2004 compared to the same period last year, China's National Bureau of Statistics announced.
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LONDON (CBS.MW)-- The Organization for Economic Co-operation and Development expects Chinese economic growth to slow to 8 percent in 2005, reflecting high oil prices and new government measures, AFX news reported from Paris.
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China revised its 2006 economic growth data to a 12-year high of 11.1 percent, from 10.7 percent.
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China pledged to invest $10 billion in Brazil over the next two years as the two countries strengthen economic and trade ties. China agreed to invest in railroads, ports, steel mills
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Chinese economic planners met Tuesday to set goals for 2007 amid efforts to keep the country's sizzling growth from racing out of control.
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China will keep to a path of rapid but stable economic growth in 2007, the head of the National Development and Reform Commission, China's top planning agency, said on Wednesday.