While the outlook for many OECD countries remains subdued, Emerging Asia is set for healthy growth over the medium term. Annual GDP growth for the ASEAN -10, China and India is forecast to average 6.5% over 2015-19. Growth momentum remains robust in the 10 ASEAN countries, with economic growth averaging 5.6% over 2015-19.
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What factors account for the growing economic integration between Hong Kong China, Chinese Taipei and the costal provinces of China and the resulting boom in trade and investment? OECD Economic Studies No. 20.
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Economics Department Working Paper 124. This paper describes the de facto economic integration taking place between China, Hong Kong China and Chinese Taipei - the "Chinese Economic Area" - and analyses basic factors underlying the process. Even in the face of weak economic performance in OECD countries the integration has helped underpin rapid growth in all three economies, particularly in China's south-eastern provinces. If Chinese