SOURCE: Industrial Info Resources

October 10, 2007 07:01 ET

China's Momentum, Cash Inflow Allows for Internal Development, an Industrial Info News Alert

JOHANNESBURG, SOUTH AFRICA--(Marketwire - October 10, 2007) - Researched by Industrial Info (Sugar Land, Texas) -- China's GDP growth in 2007 is expected to hit 11.2%, up from an earlier estimate of 10% and will reach 10.8% in 2008, up from an initial forecast of 9.8% made in March this year. The Asian Development Bank (ADB) said the faster-than-expected growth momentum built up in 2007 is expected to carry into 2008. The growth rate of 11.5% in the first half of 2007 was the highest rate since 1994.

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