China’s economic growth is expected to slip to 9.9 percent in 2008 and to 9.7 percent in 2009 according to the Asian Development Bank (ADB) reported by China Daily.
The Asian Development Bank (ADB) forecast for the Chinese economy is down from its forecast back in April of 10 percent for 2008 and 9.8 percent for 2009.
The US economic slowdown combined with inflation and rising commodity prices are key drivers of the less than originally expects growth number for the Chinese economy.
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1 Terrence // Sep 1, 2008 at 4:40 pm
For readers’ possible interest, here is a link to a excellent and recently published research bulletin on China’s economic outlook:
http://www.globalsecuritieswatch.org/PRC_Sovereign_Risk_Review.pdf
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