MANILA -- China's COVID lockdowns mean its economic expansion this year will be slower than the rest of emerging Asia for the first time in more than three decades, the Asian Development Bank projected in a new report.
In an updated Asian Development Outlook report published Wednesday, the organization downgraded its forecast for China's 2022 growth to 3.3% from 5.0% in April. The bank also cut its projection for next year to 4.5% from 4.8%.
