Emerging Asia growing faster than China for 1st time in 30 years

 

 

Emerging Asia growing faster than China for 1st time in 30 years

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's latest report projects.
 
Developing Asia as a whole is forecast to grow 4.3% in 2022, down from a 5.2% estimate in April. Excluding China, the region is projected to grow 5.3%, the ADB said.