Learn Chinese - ADB: China's economy may achieve soft landing

Home Business China International Culture��Edu Sci��Tech Sports Life Travel P
hotos

��Search

  China Observer

�� ADB: China's economy may achieve soft landing

�� Western food grows popular in China

�� NEET in China shirks independence

  Photos

�� Kunming Int'l Tourism Fest

�� Young skaters warm up

�� Thousands sing for Olympics

Find Suppliers Trade Leads Company Directories Product Directories China
Products China Suppliers Hot Products Hot Buys New Products Search by
Country Trade Shows
��Home>>China Observer

ADB: China's economy may achieve soft landing

www.chinanews.cn 2005-04-07 13:51:54

Chinanews, Apr. 7 - The Asian Development Bank (ADB) issued a report in
Beijing yesterday, which said that China's economy is expected to achieve
a soft landing during the 2005-2006 period and will continue to grow
rapidly from 2005 to 2007. China's GDP is estimated to increase 8.5% this
year, 8.7% in 2006 and 8.9% in 2007. ADB once predicted that China's GDP
would grow 8.0% this year.
According to the report, in the coming three years, China's industrial
growth rate will reach between 9.3% and 10.1%, the agricultural growth
rate will reach between 4.1% and 4.6% and the service industry will
continue to grow at about 8%.
While answering reporters' questions, Tang Min, chief economist of ADB's
Beijing Representative Office, asserted that the bank predicts China's
consumer price index will grow 3.6% this year, lower than last year's
3.9%.
Zhuang Jian, senior economist at ADB's Beijing Representative Office,
said that although the report expects China's economy to succeed in
pulling off a soft landing, China would still face some serious
challenges. On the one hand, an increase in investments may rebound
greatly, resulting in overheated economy again. On the other hand, if
some potential problems are dealt with improperly, the economy will come
down by a large margin, making it difficult to realize the goal of a soft
landing.

E-mail: zhangqinghua@chinanews.com.cn Tel: 8610-88387443 Fax:
8610-68327649

Copyright� 2004 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.
Disclaimer: viewpoints in the website do not represent China News Service

Learning Materials, Mandarin audio lessons, Chinese writing lessons, Chinese vocabulary lists, About chinese characters, News in Chinese, Go to China, Travel to China, Study in China, Teach in China, Dictionaries, Learn Chinese Painting, Your name in Chinese, Chinese calligraphy, Chinese songs, Chinese proverbs, Chinese poetry, Chinese tattoo, Beijing 2008 Olympics, Mandarin Phrasebook, Chinese editor, Pinyin editor, China Travel, Travel to Beijing, Travel to Tibet