9.3% economic growth for China in 2004 expected
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A World Bank expert said the year 2004 is going to be a good year for China as the country&#39;s economy will grow rapidly with higher-than
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Annual economic growth in China has slowed for the third quarter in a row, to 9.1 percent, responding to Beijing&#39;s efforts to rein in breakneck investment and lending, third-quarter official data shows.
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China's economy continues to expand at a rapid pace, growing 9.5% in 2004 despite government efforts to take it off the boil.
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BEIJING  - China's finance minister says economic growth of nine per cent this year would be acceptable, state television reported this week in the first acknowledgment by a senior official that growth might exceed the government's target of seven per cent.
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China's economic boom is still roaring despite efforts to cool sizzling growth, with the gross domestic product climbing 9.5 percent in the first three quarters of this year, the government reported Friday.
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Chinese President Hu Jintao said Sunday economic growth could exceed nine percent this year and foreign direct investment could top &#36;60 billion.
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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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China's economy accelerated to 9.5 percent growth in the year through the fourth quarter, exceeding forecasts and raising the risk of another interest rate increase to avoid overheating.
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China, having surprised the world 10 days ago with its first interest rate rise in nine years, took another unusual step last week by publishing for the first time the annual report on its economy by the International Monetary Fund.
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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 World Bank cut its 2008 economic growth forecast for China to 9.6 percent from 10.8 percent on Monday due to cooling global export demand and said storms battering southern China should have little long-term impact.
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In its latest Asian Development Outlook released today, the ADB said GDP growth projections for 2004 have been raised by about half a percentage point in both East Asia and Southeast Asia.
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Chinese President Hu Jintao said Sunday economic growth could exceed nine percent this year and foreign direct investment could top $60 billion.
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SAN FRANCISCO, DECEMBER 23: China took centrestage in 2004 as an economic star to reckon with for many years to come. Ravenous for imports, China gulped huge amounts of raw materials, steel, farm produce and more.
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China expects its trade surplus to be around $10 billion in 2004, and sees friction over textile exports topping the list of trade troubles next year, a senior Commerce Ministry official said.
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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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India's economy is set to grow by 9.2% in the current financial year, the Indian government says.