Asia This Day:Growth and a Sale

China's 2012 growth is expected to expand at the slowest pace in 13 years,a recent survey predicts.People have got to expect Chinese growth in the low 7s,said currency expert Chris Gothard of Brown Brothers Harriman.Responding to this,China's outgoing President,Wen Jiabao,called for a proactive fiscal and a prudent monetary policy,while giving more priority to maintaining growth.For its part,Thailand is recovering nicely from last year's devastating flooding around the capital,Bangkok.The nation grew 11% on the quarter,with both domestic spending and tourism gaining momentum.On the year,Thai growth was up 0.3%,beating the estimate of a -0.5% loss.Back in China,Internet titan Alibaba is buying back 20% of a stake in it held by Yahoo for 7.1 billion dollars-6.8 billion of that will be in cash.Yahoo will still own more than 50% of Alibaba with Softbank.Yahoo is considering a massive share buyback with the proceeds of the sale.The MSCI Asia Pacific Index rose 0.2% this morning,Monday. Yahoo(YHOO)