The Asian Development Bank (ADB) on September 14 cut China's growth forecast to 9.3 percent for 2011 from its previously estimated 9.6 percent.

ADB also lowered its estimate for the country's economic growth to 9.1 percent from 9.2 percent for 2012.

China's economic growth slowed during the first half of the year due to the country's tightening monetary policies and weakening outbound demand, said Paul Heytens, ADB Country Director for China.

A possible economic slowdown in the second half is mainly due to the faltering global economic recovery, especially the weak demand from European countries as a result of the deepening debt crisis, said the ADB.