East Asia looks forward to fast growth

Asia continues to be a growth story with economies such as China and India recording strong growth rates. Within a decade, these countries could evolve into global economic powers and we expect stock prices to reflect this growth as we move forward. While the World Bank has lowered its 2003 growth forecast for East Asia by 1% and for the region on the whole, by 0.5% due to Sars, East Asia is expected to be the fastest-growing region in the world, indicating its strengthening economies. The economic growth rates of Asian markets are also generally higher than developed markets, with 7%...