ADB cuts China’s 2020 GDP forecast to 2.3%

In its latest growth outlook, the Asian Development Bank (ADB) on Friday, lowered its 2020 GDP growth forecast for China.

Key quotes

ADB slashes China’s 2020 GDP forecast to 2.3% vs. 5.2% previous estimate.

Sees China much lower this year.

China’s 2021 growth forecast seen unchanged at 7.3%.