China continues to make poverty history

By Lucy Smith | 9 September 2005

China's free-market reforms continue to pay off. China Daily reports:

China's economy will grow 9.2 per cent this year, the Asian Development Bank predicted yesterday.

It had earlier put the predicted growth rate at 8.5 per cent.

The country's economy showed little signs of a slowdown in the first half, propelled by surging exports, strong investment and accelerating consumption, the bank's senior economist Zhuang Jian said.