Euro debt crisis affecting Asia

The effects of the eurozone's debt crisis have been spreading at an obvious pace to Asian countries, a former senior banking official warned on Monday.

And the region's economic growth is not expected to regain momentum in the short term, said Liu Mingkang, former chairman of China Banking Regulatory Commission, who was attending the Boao Forum for Asia in Hainan province.

"The economic performance of major Asian countries has remarkably deteriorated since last year, proving the debt crisis has affected the area in obvious ways," he said.