China is likely to resume moderate growth from 2022, Asian Development Bank President Masatsugu Asakawa said on Tuesday, adding that mounting debt and structural woes were likely to weigh on its economy.
“From 2022 onward, China will tread a moderate long-term growth trend. It won’t return to the 7-8% pace of expansion seen during its high-growth period,” Asakawa told a news conference.
Source: Reuters (Reporting by Leika Kihara; Editing by Ritsuko Ando)