For the first time in 30 years, Asia’s developing economies…


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For the first time in 30 years, Asia’s developing economies are set to grow faster than China’s, ADB says


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  1. This is the best tl;dr I could make, [original](https://www.cnbc.com/2022/09/21/adb-asias-developing-economies-are-set-to-grow-faster-than-chinas.html) reduced by 80%. (I’m a bot)
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    > Asia's developing economies may be showing signs of recovery, but the Asian Development Bank cut its growth forecasts for them yet again – thanks to China's prolonged zero-Covid policy.

    > The ADB now expects developing Asia – excluding China – to grow by 5.3% in 2022, and China by 3.3% in the same year.

    > It also lowered its 2023 forecast for China's economic growth to 4.5% from April's 4.8% outlook on "Deteriorating external demand continuing to dampen investment in manufacturing.”

    *****
    [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/xkrzrv/for_the_first_time_in_30_years_asias_developing/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ “Version 2.02, ~670278 tl;drs so far.”) | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr “PM’s and comments are monitored, constructive feedback is welcome.”) | *Top* *keywords*: **China**^#1 **growth**^#2 **outlook**^#3 **ADB**^#4 **region**^#5

  2. years of phenomenal growth caught up to China in the form of a housing bubble thr likes if which the world has never seen