Asian Development Bank: China will grow moderately next year

Asian Development Bank Chairman Masatsugu Asakawa stated that they think China will most likely grow moderately next year.

“INCREASING DEBT AND STRUCTURAL PROBLEMS MAY PRESSURE THE CHINA ECONOMY”

Asakawa also stated that increasing debt and structural problems could put pressure on the Chinese economy.

Asakawa said, "Starting from 2022, China will follow a moderate long-term growth trend. It will not return to the 7-8% growth rate seen during periods of rapid growth." said.