China's planned slowdown to hit Asia: ADB

Tokyo

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 have a noticeable effect on the rest of Asia, given China's size and close links with countries in the region through regional and global value chains.