The Asian Development Bank (ADB) on Wednesday nudged up its 2024 growth forecast for the developing Asia category, comprising the continent's developing nations, to 5 percent from the 4.9 percent projected in April while keeping 2025's growth outlook unchanged at 4.9 percent.

In its latest outlook report released on Wednesday, the ADB also maintained its projections for China's economic growth at 4.8 percent in 2024 and 4.5 percent in 2025.