Economy

China to cap 'healthy' developing Asia's growth in 2024, says ADB

Second-largest economy's downturn could bring 'spillovers to trading partners'

20240410 China port

A Cosco Shipping container ship at the Yangshan Deep Water Port in Shanghai. (cnsphoto via Reuters)

RAMON ROYANDOYAN, Nikkei staff writer
April 11, 2024 09:00 JST

MANILA -- The Asian Development Bank projected that growth in developing Asia will slow this year, despite improved domestic demand, owing to headwinds and weaknesses in China's economy.

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