Home>News Center>China
       
 

China uplifting the whole Asian economy
(chinadaily.com.cn/NY Times)
Updated: 2005-10-10 09:01

The business landscape in nearly all Asian countries and regions looks pretty rosy, and global fund mangers say a booming China has played a central and largely benign role.

China is definitely the locomotive uplifting all its neighboring economies, which also have helped the former by injecting huge investments, analysts said.

Currently, stocks in Asia have been sprinting ahead. Markets in Singapore, South Korea and India have approached or surpassed previous highs, and others, like those of Hong Kong and Indonesia, are at their best levels since the economic crisis of the late 1990's.

The rallies have produced big gains for global mutual funds specializing in Asian stocks. The average fund that invests in Asia, excluding Japan, was up 30.4 percent in the 12 months through September.

Managers of Asia funds have no trouble explaining the strong performance, but some question its staying power and are downshifting to stocks in industries less susceptible to economic swings. Some global fund managers also express reservations about Asia, although others embrace the region and expect continued strength.

Yet everyone seems to agree on one idea: that China has had a central and largely benign role. From a distance, China might look able to muscle aside the industries of smaller Asian countries and to squeeze their markets, given its cheap labor and huge manufacturing capacity. But analysts say the formerly know Four Asian Tigers, South Korea, Singapore, Taiwan and Hong Kong, have instead grabbed their big neighbor by the tail. They have invested huge sums in Chinese mainland factories, and so have made growing profits.

"As China has grown, it has brought up the rest of the region with it," said Edmund Harriss, manager of the Guinness Atkinson Asia Focus fund, in an interview by The New York Times.

Mark Headley, president of Matthews International Capital Management, a firm specializing in Asia, said the rest of the region had also brought up China, by furnishing money and expertise.

"It's the Taiwanese that built most of the mainland's manufacturing, and now the Koreans are there in a big way," he said. "The companies that really grasped the opportunities 10 years ago are reaping the benefits."

So are Chinese workers, whose standard of living has soared. That has benefited companies throughout Asia, which have a big, new consumer market to pursue.
"Because Chinese GDP is growing at 8 to 10 percent, it provides a huge source of incremental demand for other Asian countries selling to domestic Chinese consumers," said Ben Walker, a manager of international equity funds at Gartmore Investment Management.

The low cost of Chinese-made products also helps the region, Mr. Walker said. "Increasing supply from China is keeping inflation lower in Asian economies," he said.



8th World Chinese Entrepreneurs Convention
Super Girls concert in Beijing
Wu Yi meets with Kim Jong Il
  Today's Top News     Top China News
 

Leadership to adjust growth model, focus on wealth gap

 

   
 

Shenzhou VI may begin space trip October 12

 

   
 

South Asia earthquake kills at least 30,000

 

   
 

Survey: Highest mountain comes up short

 

   
 

US takes patient tack on yuan policies

 

   
 

China uplifting the whole Asian economy

 

   
  Corrupt, inept officials abuse US$11 billion
   
  China uplifting the whole Asian economy
   
  Hu Jintao vows to promote co-op with DPRK
   
  Over 7% of Chinese age 65 or above
   
  Overloaded roads feed holiday death toll
   
  Wu in DPRK for party birthday
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 久久精品麻豆日日躁夜夜躁| 四虎在线播放免费永久视频| 99j久久精品久久久久久| 手机看片在线精品观看| 亚洲AV日韩AV永久无码下载| 毛片让我看一下毛片| 午夜dy888| 视频一区在线观看| 国产欧美久久一区二区三区| 亚洲精品成人a| 美女教师一级毛片| 国产内射大片99| 2022国产成人精品福利网站| 在线视频中文字幕| yellow版字幕网| 成人毛片一区二区| 久久久99久久久国产自输拍| 欧美一区二区久久精品 | heyzo高清中文字幕在线| 播播开心激情网| 久久国产香蕉视频| 日韩视频在线观看| 亚洲中字慕日产2020| 欧美日韩人妻精品一区二区三区 | 欧美日韩不卡高清| 亚洲精品午夜国产va久久| 男人把女人桶到爽爆的视频网站| 午夜高清视频在线观看| 老子影院午夜伦不卡| 国产乱理伦片在线看夜| 韩国本免费一级毛片免费| 国产成人精品视频一区二区不卡| 巨胸喷奶水www永久免费| 国产精品视频免费一区二区三区| 久久青草精品38国产| 99福利在线观看| 成人国产一区二区三区| 久久影院最新消息| 日韩亚洲欧洲在线rrrr片| 久久精品成人一区二区三区| 极品人体西西44f大尺度|