A report released here Tuesday by the Asian Development Bank said China is set to post a GDP growth of 8.2 percent in 2013 due to strong consumption and assuming China continues boost in public spending, the U.S.

Economic growth in developing Asia is picking up, underpinned by China's rebound and strength in countries such as Indonesia, the Asian Development Bank said in a report Tuesday, while warning that political disputes pose an increased threat to growth. The Manila-based lender's 2013 Asian Development Outlook said some big dangers to regional growth have faded, such as the possibility of the euro common currency breaking up or a "U.S.

The Asian Development Bank said Tuesday the region’s emerging economies would pick up this year but warned that the recovery remained fragile due to the eurozone crisis and tensions in Asia. The Manila-based lender said in its latest forecast that the uptick in China’s economy and “robust growth” in Southeast Asia would lead expansion in the region, which would be also boosted by strong domestic consumption. The ADB estimated that the gross domestic product (GDP) for developing Asia, which covers 45 nations, was set to grow at 6.6 percent this year before edging up to 6.7 perce

The 50-man delegation of top business executives from China will be in the country to explore opportunities in the fields of energy and power, mining and real estate. They will also meet their counterparts in the Philippines involved in import and export, services, transportation, construction, agriculture and leather goods manufacturing. Philippine Chamber of Commerce and Industry (PCCI) president Atty. Miguel B.