ADB chief sees Asian economy growth as 'solid' despite trade war

The head of the Asian Development Bank (ADB) said on Monday that regional economies in Asia were sustaining solid growth led by domestic demand and the services sector despite some negative effects of the Sino-US trade war.

>>Reuters
Published : 15 April 2019, 07:30 AM
Updated : 15 April 2019, 07:30 AM

Trade friction between the world’s two largest economies is impeding growth in China, ADB President Takehiko Nakao told reporters in a group interview.

“It’s natural for the Chinese economy to slow,” said Nakao, a former Japanese vice finance minister for international affairs.