MCHI - China Accounts For 'Nearly Half Of Asia-Pacific GDP' While India Is A 'Bright Spot' Economist Says: Key ETFs To Watch | Benzinga
As global economic dynamics shift, investors are eyeing China and India with renewed interest. The Asian Development Bank‘s (ADB) bullish outlook positions China as a key growth engine despite a slight slowdown.
China: Despite a moderate slowdown, China remains a dominant force in global growth. ADB's chief economist Albert Park says: "China is obviously going to still be important for some time to come. They still account for nearly half of GDP in Asia Pacific," said
India: India’s stellar growth outlook positions it as a rising star in the region, with ADB forecasting robust economic expansion in the coming years. India’s impressive economic trajectory underscores its rising importance. "India's importance to growth in the region is increasing," Park said, according to CNBC. However, while India's economy is undoubtedly a "bright spot," it is still smaller than China's.
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