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China's planned slowdown to hit Asia: ADB

This is because of its size and links to many Asian emerging economies; the softness in the major industrialised economies is also a factor

OUTLOOK ADJUSTMENT: ADB's growth forecast for China for this year has been revised down to 7 per cent from the 7.2 per cent projected in April; in 2016, growth is forecast at 6.8 per cent.


CHINA'S dramatic share price slump is unlikely to have much impact on consumption or investment growth there, the Asian Development Bank (ADB) said on Thursday.

However, the agency's chief economist, Shang-Jin Wei, said the country's planned economic slowdown is likely to...