Monetary cooperation vital to Asia's economy

Zhao Xiaoyu, vice-president of Asian Development Bank (ADB) stressed monetary cooperation at a recent Kunming financial summit.

Asian currency integration can help foster sustained economic growth and financial stability, both locally and globally, he said.

The ADB vice-president noted that, "Asia and the Pacific have made considerable progress in the last decade. Cross-border connectivity has improved with the addition of several land, sea and air transportation networks."