In Asia, the spread of wind power has lagged behind Europe. This is likely to change soon with predictions that by 2050, Asia would account for more than 50% of global onshore wind power installations.
China may not have been quite so negatively affected by US-China trade dispute as expected, however it is China’s lowest GDP growth figure for 29 years. Analysts are generally optimistic for China’s economy seeing several “green shoots.”
Over two years of trade tensions between the US and China have created both significant political and economic ricochets. Finally, a deal has been struck and signed between the leaders of the two massive economies.
Beijing’s “Made in China 2025” initiative to improve self-sufficiency in China’s high-tech industries is accelerating a potential “brain drain” of talent away from Taiwan’s chip manufacturing industry.
Bangkok’s Central Business District is likely to see the value of local construction projects reach a total of $23 billion between 2018 and 2025. Some of these developments are megaprojects like the $1.6 billion Iconsiam mall.
The digital boom is making Asia Pacific a leading region in the start-up scene. By the end of September 2019, Asia-Pacific counted 140 start-ups with a valuation of at least $1 billion – out of 403 worldwide.
Malaysia has set up a panel to encourage investment in Southeast Asia's third-biggest economy. In the first meeting it approved investments worth $526 million.
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