Asian Development Bank (ADB) lower China economic growth prediction
www.chinacir.com 2012-07-12
The Asian Development Bank (ADB) revised its prediction on China's economic growth to an increase of 8.2% in 2012 and 8.5% in 2013, lower than its forecast in April.
ADB predicted in April that China's gross domestic product will increase 8.5% in 2012, and then rise to 8.7% in 2013.
The ADB said China has seen a fall in net exports, industrial production, and in fixed asset investment, although Chinese government tried to give the economy something of a boost.
As China moves to a more sustainable growth model, growth may slow down more than expected, ADB analyzed.
