Markets in Asia, particularly China, will emerge as a major driver for global growth
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BOAO, China: The Asian Development Bank said on Wednesday that it expects developed markets to grow slowly this year with a rate of less than 1%, while markets in Asia, particularly China, will emerge as a major driver for global growth.
The bank's vice president, Ahmed Said, made the remarks at the Boao Forum in southern China's Hainan province. (Reporting by Beijing Newsroom; Editing by Christian Schmollinger)
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