China's economy would grow 10% and 9.5% respectively this and next year, Asian Development Bank (ADB) predicts in "Asian Development Outlook (ADO) 2008 Update" issued on 16, Sept.
Early in April, ADB predicted in the ADO that China's economic growth rate would be 10% and 9.8% in 2008 and 2009.
In the ADO Update, the Consumer Price Index (CPI) was revised from 5.5% to 7%, because of the unexpected increase of prices in the first half of 2008.
According to ADB, the main risks for China in 2009 involve sharper than expected deceleration in exports because of weakness in overseas markets or inflation that would require tightening of monetary policy.
By People's Daily Online
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