Report says Asia to drive global growth

Stabilizing trend in continent to help ride cross-border economic initiatives

China and other Asian economies are expected to be the major drivers of global growth this year, but more efforts are needed to resolve corporate debt issues to sustain growth momentum, a survey report showed on Friday.

The Asian Economy Forward Looking Indicator, which is based on a survey of 508 economists and entrepreneurs, reached 84.1 this year, according to the report released during the Boao Forum for Asia.