Asian Development Bank estimates China's growth at 10.1%

According to an article at Shanghai Daily, the ASD has revised China's expected growth.  An excerpt from the article:

THE Asian Development Bank has revised its forecast of China's economic growth this year to 10.1 percent from a September estimate of 9.6 percent.

China's faster-than-expected economic expansion will help emerging East Asia to grow 8.8 percent this year, up from a previous estimation of 8.4 percent, the ADB said in its latest edition of Asia Economic Monitor released yesterday.

The article also notes that strong capital flows into China has created inflationary pressures that have been fueling asset bubbles.  Additionally, the Asian Development Bank suggests China and other Asian countries should coordinate policies to achieve economic stability and sustained growth.

Read more: http://www.shanghaidaily.com/article/?id=456664&type=Business#ixzz17X6jpJEN