The Asian Development Bank forecast that the Chinese economy would increase by 9.9% in 2008 and to 9.7% in 2009.
Those are less than the double-digit growth rates China has enjoyed for the previous five years...but give me a break! We would be doing cartwheels in the U.S. for that type of economic growth.
The ADB, by the way, expects the economies of China's east Asian neighbors to grow by 7.6% this year.
