From the Associated Press via the International Herald Tribune (link)
China’s economy is expected to grow 8.9 percent in 2006, slowing from 9.9 percent last year, the central bank’s research department said in a report published Monday.
Annual growth in China’s gross domestic product will gradually slow to 9 percent in the second quarter, 8.9 percent in the third and 8.7 percent in the fourth quarter from 9.2 percent in the first quarter of this year, said the report, carried by The China Securities Journal.
The estimates pointed to a slowdown from last quarter, when gross domestic product was up 9.9 percent from a year earlier, although China has repeatedly, and wrongly, projected milder economic growth for several years now.
