Dear valued clients,
Within a mere 40 years after Deng Xiaoping’s economic reforms awakened the “Dragon of the East”, China has transformed from an agricultural society to an economic powerhouse. Today, supportive government policies, rapid urbanisation, and strong domestic consumption continue to supercharge its growth. Indeed, China’s economic success is one for the history books.

Further south, India is fast gaining steam as the next bright spot. Its wealth of resources and vast talent pool have made it a popular offshoring location for the world’s top companies. Bolstered by a burgeoning middle
class, India is on track to quadrupling its consumer spending within the next decade, with upward income and social mobility slated to drive future growth across all consumption categories.

With India and China now contributing a quarter of global economic activity and more than a third of the world’s population, their growth potential surely cannot be ignored.

In this edition of CIO Vantage Point, we highlight key demographic, economic, and geopolitical drivers to identify winners within these markets, or what we term as the ‘Jewels of India and China’.

 

Hou Wey Fook, CFA Chief Investment Officer

Download the PDF to read the report.