Tuesday, April 05, 2005

China Economy Expected to Grow 8.5 Percent

From BusinessWeek:

"China's economy will grow at a robust annual rate of 8.5 percent this year and may pick up further steam in 2006-2007 due to strong investment, the Asian Development Bank said in a report issued Wednesday."

"... But the Manila-based bank said it expects the economy to grow at even faster rates of 8.7 percent in 2006 and 8.9 percent in 2007 due to strong investment in many construction projects still in the pipeline."

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