ADB to discuss phasing out aid to China

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      Asakawa Yashi, who will take office in January next year, also said that although China's economy may slow down, Beijing is expected to achieve a smooth landing, which will help Asia achieve moderate growth next year.
"Deep rooted structural problems have led to a gradual decline in China's potential and real economic growth. A slowdown in China is inevitable, "he told Reuters.
"Given its huge scale, a hard landing of China's economy will have a huge impact not only on its own country, but also on the global economy. We hope that China can achieve an orderly soft landing. I'm sure the authorities are fully aware of the need for this, "he said on Friday.
Despite the aging population, overcapacity and bad debts, China is already the second largest economy in the world.


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