Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>   Asean News  >>   Trade  >>   C.I.A. (China India Asean) to overtake wealth of West by 2030
NEWS UPDATES Asean Affairs   3 May 2012

C.I.A. (China India Asean) to overtake wealth of West by 2030

2 May 2012
MANILA: The combined national wealth of C.I.A. countries (China India Asean) could exceed that of the US and European countries put together in the next 18 years, the Asian Development Bank said today.

"These three region and countries (India, China and ASEAN) are on a path to significantly improve the quality of life of their citizens--in aggregate approaching half of the world's population by 2030," ADB President Haruhiko Kuroda said here.

Speaking at the 45th Annual Meeting of ADB's Board of Governors, Kuroda said the bank forecasts a "healthy GDP of 6.9 per cent for developing Asia and the Pacific in the 2012" and growth is expected to climb to 7.3 per cent in 2013.

According to a book released today, national wealth in the Association of Southeast Asian Nations (ASEAN), China and  India could exceed that of the US and Europe combined by 2030, provided steps are taken now to overcome challenges and reduce risks.

The book was launched by ADB and Asian Development Bank Institute (ADBI).

"By that time (2030), PRC could reach high-income country status, while ASEAN as a whole and India would be close behind. The three could be home to the world's leading consumers, producers, savers, investors and financiers," Kuroda said.

Indian Finance Minister Pranab Mukherjee would be travelling to Manila tomorrow to attend the ADB meeting, which would discuss various issues including the global economic scenario.

Meanwhile, Kuroda noted that Asia and Pacific region would maintain its growth momentum despite issues elsewhere in the world and emphasised the need to make growth in the region more inclusive.

However, he cautioned that "the very drivers of Asia's economic success - new technology, globalisation and market-oriented reforms - have also served to create and increase disparities within and among Asian economies".

The ADB chief suggested steps such as investments in education and infrastructure.

On the proposed BRIC Development Bank, Kuroda said that ADB would welcome another regional development bank as the financial needs of developing countries is "so huge".


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below
Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code



 
Today's  Stories    3 May   2012 Subsribe Now !
• Chiang Mai initiative to be doubled to $240B Subcribe: Asean Affairs Global Magazine
• C.I.A. (China India Asean) to overtake wealth Asean Affairs Premium

• Thai central bank keeps policy rate unchanged

Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Aung Sung Suu Kyi takes oath
• US removes Malaysia from Lower Level IPR 
 

 

pp

Asean Analysis              30  April   2012

Advertise Your Brand
• Asean Weekly ending April 29, 2012  
• Asean Analysis- April 30, 2012 Sponsor Our Events

Asean Stock Watch     3  May  2012 

 
• Asean Stock Watch-May 3, 2012 p

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com