JEJU, South Korea (AP) - China vowed Monday to slow down its economy gradually so that growth in neighboring countries won't suffer, as the Asian Development Bank wrapped up its annual meeting aimed at integrating the region's markets and reducing poverty.
China's booming annual economic growth of nearly 10 percent has raised worries that inflation could spike, causing financial problems. Beijing has pledged to slow this growth, but economists warn that a precipitous downturn could roil economies throughout the region that depend on trade with their giant partner.
