The Asian Development Bank (ADB) forecasts the Asian economy to grow by about 7 percent in 2013, according to news reaching here.

ADB President Kuroda Haruhiko said aggressive fiscal stimulus measures will help the Chinese economy to regain strength.

In his opinion, the Chinese economy could grow by about 8 percent this year, higher than 2012. Meanwhile, other regional economies will also maintain firm growth.

He noted that China’s labour force will decline over the long term resulting in an economic slowdown. However, the President is optimistic about Asia’s long term growth prospects.

India and other emerging economies, including Vietnam, will be the next leaders of Asia’s growth, according to the President.-VNA