Business
How Asia could be the winner in the US and China’s Belt and Road race
The world’s three largest economies – the US, China and Japan – are actively manoeuvring for economic and geopolitical influence through infrastructure funding
Infrastructure development has become one of the great battlegrounds of our time.
The world’s three largest economies – the US, China and Japan – are actively manoeuvring for economic and geopolitical influence through an infrastructure funding and investment race across emerging markets globally, with Asia Pacific taking centre stage.
But how should governments and developers that sit within targeted countries handle this newfound attention? How can they turn it to the advantage of their people?
This infrastructure race will clearly have a major impact on the future of global trade and supply chains, manufacturing and services, but also in the development of strategic, long-term alliances.
It has been kicked into a higher gear with China’s trillion-dollar Belt and Road Initiative (BRI), which has woken the world afresh to the strategic implications of infrastructure and energy development.
It is also clear China has turned its investment sights closer to home. Recently released data from Baker McKenzie and Rhodium Group show that combined Chinese FDI into North America and Europe fell 73% in 2018, from $111 billion in 2017 to a six-year low of $30 billion last year, due to a combination of new controls at home and greater investment screening in target nations. This means the Asia Pacific region will be more of a focus for China than ever.
How Asia could be the winner in the US and China’s Belt and Road race | World Economic Forum
Economics
Stable outlook for APAC sovereigns as growth rebounds and debt stabilizes
Economic growth rates in Asia-Pacific are broadly rebounding and debt burdens stabilizing, giving rise to a stable outlook for sovereign creditworthiness in 2022. Still, the pace of recovery differs vastly, and some economies will experience deep economic scarring, according to a new report by Moody’s Investors Service.
Economic growth rates in Asia-Pacific are broadly rebounding and debt burdens stabilizing, giving rise to a stable outlook for sovereign creditworthiness in 2022. Still, the pace of recovery differs vastly, and some economies will experience deep economic scarring, according to a new report by Moody’s Investors Service.
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BEIJING (Reuters) – China’s economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages, supply chain bottlenecks and major wobbles in the property market and raising pressure on policymakers to do more to prop up the faltering recovery.
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