ADB scales down China forecast

China's economy may expand by 10 percent this year because of weakening external demand and domestic tightening policies, the Asian Development Bank (ADB) said yesterday.

That would be 1.4 percentage points lower than last year, and it could further slow to 9.8 percent next year, the ADB said in its latest report on Asian economic outlook.

The World Bank has forecast a 9.4 percent growth for this year and 9.2 percent for the next.