People perform martial arts during sunrise against the skyline of the Lujiazui financial district in Pudong, Shanghai. ADB cuts its 2014 and 2015 growth forecasts for China.
MANILA: The Asian Development Bank (ADB) slightly trimmed its growth forecast for developing Asia for this year and next, but said sliding prices for oil should help economies in the region push through with growth reforms.
In its update to the 2014 outlook, ADB said developing Asia was now expected to grow 6.1% this year, a tad below its 6.2% forecast in September. Growth in 2015 was seen at 6.2%, from 6.4% previously.
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