ADB revise downward its forecast for China's GDP growth

Note: This section contains information in English only.
Source: Chinadaily
The Asian Development Bank slashed its forecast for China's GDP growth in 2012 to 7.7% from 8.5% projected in April, while the Chinese government will assure a soft economic landing. According to economists of ADB, the downside risks to the Chinese economy possibly will intensify in the short run due to weak global demand and concerns surrounding China's largest trading partners.  
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