China’s Economy to Cool Off Moderately – China Daily

From China Daily:

Over the next two years, China’s will moderate slightly due to tight macroeconomic controls and the effect of government efforts to change the growth pattern, the Asian Development Bank (ADB) announced yesterday in its annual publication.

The Asian Development Outlook 2007 has laid out predictions for the next two years in China, claiming the economy will grow 10 percent this year and 9.8 percent the next.

“The performance of the Chinese economy was exceptional in 2006 and will remain strong in 2007 and 2008,” said Zhuang Jian, an economist at the multilateral development bank.[Full Text]

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