ADB revises China GDP growth target

Accommodative fiscal and monetary policies to help cope with headwinds

China's GDP growth may moderate to 6.2 percent year-on-year this year due to slowing exports and dampened investor confidence as trade tensions escalate, said a report published by the Asian Development Bank on Wednesday.

Though the forecast was down from the 6.3 percent predicted by it in April, the country's accommodative fiscal and monetary policies will help cope with the headwinds, the multilateral lending institution said.