China economy on track, no immediate stimulus required: ADB


Asia Development Bank president, Takehiko Nakao, former Japanese vice finance minister for international affairs, says he expects China's annual economic growth to be still roughly in line with the government's target - AFP Photo.

BEIJING: China's economy may still grow around 7.5% this year despite signs of a slowdown, and there is no immediate need for the government to roll out fresh stimulus measures, Asian Development Bank (ADB) President Takehiko Nakao said on Monday.

Nakao, former Japanese vice finance minister for international affairs, told Reuters he expects China's annual economic growth to be still roughly in line with the government's target, although there may be "ups and downs".

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