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China Isn't the Only Investing Jewel in Asia

By Ashish Advani   |   Wednesday, 18 Aug 2010 09:52 AM

China reportedly has surpassed Japan as the world’s second-largest economy. And that leads me to wonder when will China become No. 1?

China has made incredible progress in the past 40 years, at the expense of the Western economies.

The only economy that has gained traction in the same period is India, according to The Economist. Japan, the United States, France, Germany, Italy and Britain lost market share during the last 40 years.

While the world has been noticing this recently, I have been traveling to and doing business in China since 2001. I have seen the eye-popping progress they have made.

Among the many valuable lessons I have learned as a global investor is to keep my eyes open and not blindly follow the herd.

And that is exactly what I encourage you to do as well.

I am not opposed to making profits in China. I have made many profitable deals there myself during the years.

But I like to think — and look — outside the box. That is where the hidden gems often can be found.

So while China glows in the recent limelight, I sit back and smile.

While the masses and the investing herds focus on China, I am making sizable gains in other parts of the world that aren’t in such a bright public spotlight.

One of the obvious locations to invest in is India.

I am going to go out on a limb and predict that India will record 2010-11 fiscal-year GDP growth near 9 percent. The government is underestimating the multiplier effect of a bumper monsoon season and internal consumption on Indian growth.

So watch this space for more on India and how to invest safely and easily in that nation.

But first, a pop quiz: Which country’s economy has expanded at the fastest pace in the past six months?

If you guessed China, you would be wrong. (China only expanded by 11 percent and 9.8 percent the last two quarters.)

If you guessed India, you would be wrong again. (India only expanded by 8 percent in the last quarter.)

I certainly hope you didn’t guess the United States or any Western country …

The answer is: Singapore. Singapore expanded by a whopping 18 percent year over year last two quarters.

Indonesia, Vietnam and Malaysia also were all in double-digit growth modes. And the momentum is only beginning to grow there.

So, do we invest in the United States, where we are destined for 1 percent to 2 percent growth for the next few years? Or do we safely invest in Asia, where we could look at 10 percent to 20 percent growth, as a start, in the next few years?

You decide.

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China reportedly has surpassed Japan as the world s second-largest economy. And that leads me to wonder when will China become No. 1? China has made incredible progress in the past 40 years, at the expense of the Western economies. The only economy that has gained...
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