"The short term outlook for the region is bleak as the full impact of the severe recession in industrialized economies is transmitted to emerging markets, " said Jong-Wha Lee, acting chief economist for the ADB.
Jong-Wha Lee and Kiseok Hong of the Asian Development Bank project that if China continues its structural reforms, it has the potential to grow at 7 percent in 2011-2020 and 6.23 percent in 2021-2030.