The Asian Development Bank downgraded the growth forecasts for Asia to 5.7 per cent this year and 5.6 per cent next year, down from 6.2 per cent in 2017 and 5.9 in 2018. Photo: AFP

US-China trade war is the ‘biggest threat’ to Asian economies as growth forecasts slashed

  • The Asian Development Bank has cut its growth outlook for Asia, blaming sluggish demand and the trade tensions between China and the United States
  • Report by chief economist Yasuyuki Sawada came a day after the World Trade Organisation reduced its global trade growth forecasts due to the trade conflict
Topic |   US-China trade war

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The Asian Development Bank downgraded the growth forecasts for Asia to 5.7 per cent this year and 5.6 per cent next year, down from 6.2 per cent in 2017 and 5.9 in 2018. Photo: AFP
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US trade representative Robert Lighthizer (left), China's Vice-Premier Liu He and US Treasury Secretary Steven Mnuchin met in Beijing last week for the latest round of trade talks. Photo: EPA

US-China trade war means it’s ‘too soon to predict a turnaround in fortunes’ for regional manufacturing

  • Rise in China’s Purchasing Managers’ Index matched by the likes of Indonesia, Vietnam, Thailand, Myanmar, Japan, South Korea and Taiwan in March
  • Trade talks between China and the United States set to resume in Washington this week after last week’s latest round in Beijing
Topic |   China economy

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US trade representative Robert Lighthizer (left), China's Vice-Premier Liu He and US Treasury Secretary Steven Mnuchin met in Beijing last week for the latest round of trade talks. Photo: EPA
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