By 2050, Goldman Sachs believes that the weight of global GDP will shift even more towards Asia. While this is partly due to Asia outperforming previous forecasts, it is also due to BRICS nations underperforming. Notably,Indonesiawill become the fourth biggest economy by 2050, surpassingBraziland...
According to Oxford Economics researchers, APAC economies have been highly integrated with China's economy since the country's WTO accession in 2001. Given their geographic proximity, APAC countries even have stronger trade links with China than with the rest of the world. ...
in the East China Sea, were likely to hold one-on-one talks on the sidelines of an Asian summit in Hanoi.Here are some facts about ties between the two countries.* Preliminary statistics indicate China has edged past Japan to become the world's second-biggest economy, with the United ...
BANGKOK, Nov. 14 (Xinhua) -- As the second-largest economy globally, China has played a vital role in promoting sustainable development and shared prosperity among Asia-Pacific Economic Cooperation (APEC) economies and beyond, said Kasemsit Pathomsak, vice chairman of the Thai Chamber of Commerce...
aAlready among the top 20 economies in the world in terms of GDP, the Indonesian economy grew at more than 6 % in 2010, making it one of only a handful of major economies to grow through the “Great Recession.” With its abundant natural resources, Indonesia has recently also benefi...
"It's the one economy that's holding growth together," he said. "It's like 32 separate economies. Coastal China and Southern China drives it, but we're yet to see more development in the interior. "If you look at China as a group of economies, you can almost say that all the ...
The powerful economy of NSW is even larger than the national economies of some countries including Thailand, Ukraine, Malaysia, Colombo, South Africa and Philippines. More than 600 companies of Asia Pacific have their regional offices operating in New South Wales. ...
High inflation, combined with rising interest rates, now ranks among the top concerns that investors have about the global economy. It’s natural that people want to hold currencies that will maintain their value – whether in Asia or otherwise. ...
GDP Per Capita, in Current U.S. Dollars:This is nominal GDP divided by the number of people in a country. GDP per capita measures how much a country’s economy produces per person, rather than in total. This can also act as a very rough measure of income or standard of living for ...
GDP Per Capita, in Current U.S. Dollars:This is nominal GDP divided by the number of people in a country. GDP per capita measures how much a country’s economy produces per person, rather than in total. This can also act as a very rough measure of income or standard of living for ...