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Boao Latest: Asia Economy's Crisis Shields; China's FDI Outlook.
- Source :
- Bloomberg.com; 3/26/2024, pN.PAG-N.PAG, 1p
- Publication Year :
- 2024
-
Abstract
- The Boao Forum in China recently discussed various topics including China's foreign direct investment outlook, Asia's economic growth prospects, and the future of clean energy. The forum also addressed the potential for an electrical supergrid in Asia and the need for China to fine-tune its push for renewable energy. China is aiming to boost the confidence of overseas investors after experiencing a slump in foreign direct investment in 2023. The forum also highlighted the importance of technology, particularly artificial intelligence, in solving social problems such as aging societies. Asian economies were praised for their robust crisis shields, thanks to strong foreign reserves and sound financial-market development. The report also emphasized the need for Asia to cooperate on green financing and renewable energy projects. Overall, Asia's economic growth is expected to reach 4.5% this year, with South Asia being the fastest-growing region. [Extracted from the article]
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Bloomberg.com
- Publication Type :
- Periodical
- Accession number :
- 176251833