NEW DELHI: Financial wealth in Asia has more than tripled since 2001 to over USD 80 trillion and if the current trend persists the growth will be even faster in India than in China.
According to HSBC, Asia excluding Japan is rapidly catching up with the United States and assuming that current trends persist, emerging Asia should surpass the United States by 2015
Asia, including Japan, has more than tripled its financial wealth since 2001 to just over USD 80 trillion, the financial major said.
The calculations were done by adding the value of bonds and stocks to broad money supply and stripping out net foreign holdings, HSBC said.
Country-wise, Japan and China clearly account for the largest chunk in Asia. India, meanwhile, might have had a stronger showing last year if it wasn't for the slide of its currency over the previous 12 mon ..
According to HSBC, Asia excluding Japan is rapidly catching up with the United States and assuming that current trends persist, emerging Asia should surpass the United States by 2015
Asia, including Japan, has more than tripled its financial wealth since 2001 to just over USD 80 trillion, the financial major said.
The calculations were done by adding the value of bonds and stocks to broad money supply and stripping out net foreign holdings, HSBC said.
Country-wise, Japan and China clearly account for the largest chunk in Asia. India, meanwhile, might have had a stronger showing last year if it wasn't for the slide of its currency over the previous 12 mon ..
0 comments:
Post a Comment