The Manila-based organisation says China will only grow by 6.8% this year,down from 7.2%, blaming weaker exports and investmentThe Asian Development Bank has slice its growth forecast for the regions biggest economies, or citing a softer outlook for China and India and a delayed recovery in the world’s advanced nations.
The Manila-based organisation said in a report on Tuesday that it now predicts the region’s economies will expand 5.8% this year and 6% next year,down from the 6.3% it forecast in March for both years. Related: It’s not the Chinese economy that’s on life support | Martin Jacques Continue reading...
Source: theguardian.com