OpinionThinking About China

Asia Moves Faster Than China

The latest Asian Development Bank outlook shows a diminished Chinese economic importance in Asia.
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Asia Moves Faster Than China
An Apple Store employee prepares for the opening of business in Beijing on Dec. 6, 2023. Wang Zhao/AFP via Getty Images
Milton Ezrati
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Commentary

The Asian Development Bank (ADB) forecasts show good growth in Asian economies despite the expected slowing in China. This message of diminished Chinese significance is no doubt inadvertent but unmistakable, nonetheless. The picture flies in the face of Beijing’s ambitions and is no doubt a disappointment for the crowd in Zhongnanhai.

Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
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