Consider these facts about Asia, home to one-third of the world’s population. In the past decade, close to one billion of its residents have been lifted out of poverty, thanks to globalization and mass industrialization. According to the McKinsey Global Institute, by 2025 China is expected to have 221 cities with more than one million inhabitants. That same year, the urban economy is expected to generate over 90% of China’s GDP.
The explosive growth throughout Asia, and in particular China, is something to behold. There’s an energy, an industriousness and a can-do attitude that excites everyone who visits Asia. We don’t see a malevolent competitor; we see a region that represents customers, clients, vendors and business partners.
You see, Asia’s remarkable growth is an engine for the global economy. Asian industry has boosted demand for natural resources, energy, commodities and industrial materials. The growing middle class has buoyed demand for just about everything else that comes with a better lifestyle, from appliances, cell phones and designer clothes to cars, subways and airplanes.
Fortunately, global economics is not a zero sum game. Asia’s ascendency does not mean the West’s decline. Investors have an opportunity to benefit from this unprecedented growth. At Guinness Atkinson, we’re optimistic about Asia’s growth, and we’re finding companies inside Asia and around the world that we believe are poised to take advantage of the next phase of human progress.