Asia-Pacific economy kept rapid growth in 2007. The US growth rate declined mainly because the sub-prime crisis. Japan kept a moderate growth. Growth rate for the Asia-Pacific developing countries in Asia-Pacific accelerated in 2007. Besides strong performance in both China and India，growth also picked up in most of the other countries of the region，such as Indonesia，Philippines，etc. Growth also continued to run in several low income economies of the region such as Lao PDR，Mongolia，Myanmar，and Viet Nam. Concerns about the impact of the US sub-prime crisis and high oil price，the US and Japan’s growth would be slow down through 2008. Impacted by the US and Japan slowdown，high oil price，and sub-prime crisis，the Asia’s growth in 2008 is currently anticipated to slow，but it is still the fast growth region in the world.