Note, however, that the ADB figures imply that India's GDP is also now 40% smaller, even though India has taken part in previous international pricing surveys (suggesting that Hong Kong's PPP may in fact have changed).
The ADB instead recommends governments focus on policies that lift the incomes of the poor, such as improving rural access to health, education and social protection.
This has more than halved the debts owed by 27 countries, at a cost of $10.8 billion to the World Bank, $5.2 billion to the IMF and $3.9 billion to the ADB.
On trade it is already happening: intra-East Asian trade flows rose to 42% of total trade in 2008, up from 32% in 1990, according to the Asian Development Bank (ADB).
Institutions already exist to match capital with projects, most obviously the Asian Development Bank (ADB).
The value of outstanding Asian bonds in local currencies amounted to less than $2 trillion at the end of 2005, according to the Bank for International Settlements (BIS) and the Asian Development Bank (ADB).
At the annual meetings of the Asian Development Bank (ADB) this week in Hanoi, Vo Hong Phuc, the Minister of Planning and Investment, conceded that Vietnam might fall short of its official growth target of between 7% and 7.5%.
More money for critical projects might seem unambiguously good, but the AIIB has stoked controversy because Asia already has a multilateral lender, the Asian Development Bank (ADB).
If Uzbekistan's poverty was to be pointed out to delegates, a sufficient humiliation already, why hadn't the ADB chosen some of Uzbekistan's more beautiful women to represent it?
Foreign-currency reserves fell from $23 billion at the end of December to $17.3 billion at the end of June, according to the ADB.
Asia cannot afford a "myopic fixation on exports", according to the latest update to the annual Development Outlook from the Asian Development Bank (ADB).
