China growth forecasts rise again – BBC

 Media Images 42054000 Jpg  42054840 Steelnewap 203Jpg From BBC News:

The Chinese economy is likely to grow even faster than previously thought this year, according to the Asian Development Bank (ADB).

The body has upped its forecast for China’s growth rate to 10.4%, from its previous prediction of 9.5%.

China’s growth shows no sign of slowing down despite government efforts to cool activity in areas such as construction.

Indian output is also set to exceed earlier expectations, with its economy now forecast to grow by 7.8% this year.

This is up from the 7.6% annual rise predicted in April. [Full Text]

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