Despite slowing growth in China, the economic prospects in Asia continue to remain bright, the chief economist at the Asian Development Bank said.
"The economic growth in Asia is still promising," Yasuyuki Sawada, who has served as the ADB's chief economist from March, said.
"Asia has, without doubt, become the center of the global economy, and the region's presence in the world will increase even further in the years ahead," Sawada said in a recent phone interview with The Japan Times. "In the past, many Asian countries were low-income economies. But today, many of them have become middle and even high-income countries."