IMF cuts Chinese economic growth forecasts to about 9%

    HONG KONG, May 8 (Xinhua) -- The International Monetary Fund (IMF) said Thursday it has adjusted its forecasts for the global economic growth in 2008 downward to below 4 percent, with a growth of just above 9 percent for the Chinese economy.

    The recovery in the global economy will also come slower than a previous projection put forward by the IMF six months ago, said Olaf Unteroberdoerster, IMF's resident representative in the Hong Kong Special Administrative Region (HKSAR). Full story

Report: Chinese economy to maintain 10% growth despite slowdown in 2008 

    BEIJING, April 27 (Xinhua) -- Chinese Academy of Social Sciences (CASS) predicted a 10.7 percent growth in the country's gross domestic product (GDP) in 2008, though it said the speed would be slower compared with the previous year. Full story

China's economy moving on the desired track

    BEIJING, April 16 (Xinhua) -- China's economy is moving on the desired track of macro-economic control, according to an executive meeting of the State Council, the Cabinet, held on Wednesday. Full story

China's economy grows 10.6% in 1st quarter

    BEIJING, April 16 (Xinhua) -- China's economic growth slowed to 10.6 percent in the first quarter from 11.7 percent in the same period last year, the National Bureau of Statistics (NBS) said on Wednesday. Full story

ADB: Chinese economy to grow 10% in 2008, inflation at 5.5%

    HONG KONG, April 2 (Xinhua) -- The Chinese economy is likely to grow 10 percent in 2008, while inflation is expectedly to average 5.5 percent as rising food prices stoke upward pressures, the Asian Development Bank (ADB) said in a report Wednesday. Full story