China's economic growth rate to reach nearly 10 percent in 2010

16:32, April 06, 2011      

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The "Asian Development Outlook 2010" released by the Asian Development Bank (ADB) on April 13, 2010 pointed out that Asia's developing economies will continue to maintain a strong recovery trend in 2010 and 2011.

The report predicted that China's economic growth rate is expected to reach nearly 10 percent in 2010 because of the ongoing implementation of fiscal and monetary stimulus. However, as the expansionary fiscal policy will be tightened, China's economic growth will slow down to more than 9 percent in 2011.

The report also predicted that under the influence of the steady recovery in global trade and the continued fiscal and monetary stimulus of various countries, the Asian economy will increase by nearly 8 percent in 2010, which is an increase of more than 5 percent compared with 2009.

The Asian economic growth rate is expected to slow down to more than 7 percent in 2011 along with the gradual termination of economic expansion policies in various countries.

By People's Daily Online
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