Asian Development Bank Downgrades China Growth Forecasts

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Growth forecast for China is revised downward to 7.4% in 2014 from 7.5% previously, and to 7.2% from 7.4% for 2015, says the Asian Development Bank (ADB) in a new report.

The bank is forecasting gross domestic product (GDP) growth for the Asian region of 6.1% in 2014, down from 6.2% expected in September, and 6.2% in 2015, down from 6.4% previously.

Developing Asia, comprising the 45 ADB developing member countries, grew 6.1% in 2013.

China Money Network

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