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Monday, January 31, 2011

The future is with Asia. With China and India taking the lead, Asian countries are expected to increase their share of world's economy. According to the report from World Economic Outlook, fast growing emerging markets are expected to record a growth of 6.6 percent per annum for the next five years till 2015 while advances economies are facing economic slowdown and forecast to grow at much lower, at 2.4 percent per annum.

The figures display the growing importance of fast growing and emerging markets, where most of them are residing in Asian continent. One of the contributing factors is due to the fact that many of Asian economies have not reach their maturity and therefore offer plenty rooms for growth. China, for instance, is a vast country with 1.3 billion population and a size of over 1 million square km. Though some parts of China can be regarded as advanced markets like Shanghai, Beijing and Guangzhou, there are many more provinces or cities in China that requires further development and these actually help to boost the domestic China economy. Likewise, India is another huge market of 1.1 billion population and disparity between advanced and less developed areas is still wide, hence there's still a lot of development to be undertaken in the country which this will help to spur the domestic economy. Other economics such as Indonesia, Vietnam and Thailand also have big domestic market and the increasing purchasing power help to boost economic growth of these economies.

Leveraging on the sustained economic growth in Asia, many foreign investors from advanced countries and middle east are exploring investment opportunities. That areas of opportunities include consumer products, services as well as property/real estate.

1 comment:

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