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Saturday, March 10, 2012

Even China is revising its economic growth downward to 7.5% in 2012, mainly due to Eurozone instability and US slow recovery. The country realizes that they cant rely heavily on exports and foreign direct investment but need to stimulate the domestic consumption to sustain its growth. China however is still hunger for energy and mineral resources due to its huge volume of infrastructure development as well as manufacturing so imports are expected to register more rapid pace as against exports.

The growth sector is in Asia, with not only China leading the way, but markets like ASEAN and india are also growing albeit as slower rate, as againt the developed economies. More investments are coming to Indonesia, Vietnam and Myanmar as well as India. Indonesia with 240 million population is opening its market to foreign investors, likewise Vietnam has been doing the same thing for the past decade.

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