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Economy

ADB chief says trade war has yet to hurt Asia

But escalation could have 'dire impact' on supply chains, warns Nakao

Asian Development Bank President Takehiko Nakao speaks at the IMF-World Bank forum in Bali on Oct. 10. (Photo by Simon Roughneen)

NUSA DUA -- Asia is not yet feeling the effects of growing trade friction between China and the U.S., due to the internal strengths of the region's "solid" economies, according to Takehiko Nakao, president of the Asian Development Bank.

The trade dispute "is not as damaging right away," Nakao told the Nikkei Asian Review on the sidelines of the International Monetary Fund-World Bank meetings being held in Nusa Dua on the Indonesian island of Bali.

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