ADB slashes emerging Asia growth forecast to 6 pct

Associated Press
ADB slashes emerging Asia growth forecast to 6 pct

FILE - In this Monday, July 22, 2013 file photo, a cleaner wipes dusk on the Galaxy Soho, a newly built commercial building in Beijing. The Asian Development Bank said growth in China is softening after authorities took action to rein in credit growth and the shadow banking industry, part of a wider effort to reorient the economy away from exports and investment and toward more sustainable domestic consumption. China's economy, the world's second biggest, is now expected to expand 7.6 percent, down from 8.2 percent forecast earlier this year. (AP Photo/Andy Wong, File)

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