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The Asian Development Bank maintains its growth forecast for the Chinese mainland at 4.8% for 2024 and 4.5% for 2025, while lowering projections for other Asia-Pacific developing economies.
Chinese Premier Li Qiang and ADB President Masatsugu Asakawa reinforce cooperation on sustainable development, green initiatives, and economic growth at the Greater Mekong Summit.
The Asian Development Bank forecasts the Chinese mainland to continue as the world’s leading growth engine in 2024, driving global economic expansion and presenting new opportunities.
The Asian Development Bank has approved $41 million to help Pacific Island nations like Cook Islands and Vanuatu enhance their disaster resilience against natural hazards and health emergencies.
ADB raises its 2024 economic growth forecast for the Chinese mainland to 4.8%, up from 4.5% in December. The outlook for Developing Asia is also slightly increased to 4.9%.
ADB Vice President Scott Morris reveals a $100 billion plan to enhance green investments and promote sustainability across Asia at the Boao Forum for Asia.
China’s Vice Premier Ding Xuexiang meets ADB President Masatsugu Asakawa to strengthen economic cooperation and promote sustainable development initiatives.