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Tencent Financial News According to C reports, Bangladesh is now building a "Bridge of Dreams" with a total length of 1.5 kilometers. "Bridge of Dreams" refers to the Padma Bridge, which is located at the confluence of the Padma River and the Jamuna River. This bridge carries the dream of Bangladesh’s strength and prosperity.
This US$100 million bridge is part of the Bangladesh-China-India-Myanmar Economic Corridor. It is also one of the major projects that lays the foundation for Bangladesh's ambition to become a middle-income economy by 2020 and a developed economy by 2020. Statistics show that Bangladesh's current GDP per capita is US$1,000 and the country is expected to eradicate extreme poverty by the year.
Emerging market investors may also consider the rapidly developing countries of central and eastern Asia, such as Kazakhstan, Pakistan, Vietnam, Cambodia, Laos and Mongolia. All of these economies are beneficiaries of the trade and investment spawned by China's "One Belt, One Road" strategy, the Southeast Asian market (100 million people), and the Eurasian Economic Union (100 million people).
China is the main driver behind this huge development effort. It is understood that China will invest US$100 million to establish the Silk Road Fund to provide investment and financing support for projects related to connectivity such as infrastructure, resource development, industrial cooperation and financial cooperation in countries along the "Belt and Road".
In addition, the Asian Infrastructure Investment Bank, with an authorized capital of US$100 million, has 1 founding member countries and aims to provide financing support for the modernization of regional buildings and roads, railways, ports, airports, and water systems. The bank started operations last month and has already participated in nearly US$100 million in investment projects.
The BRICS Development Bank, also known as the BRICS Bank, with an authorized capital of US$100 million, also started operations a few months ago. The bank was created to initiate investment projects in the five founding member countries (China, Russia, India, Brazil and South Africa). The vast majority of development projects are likely to be located in Eurasia and Asia.
Judging from the process of the BRICS Summit held on October 1, India, another giant in Asia, has also played an active role in the economic development policies of the BRICS countries, and has maintained close ties with the political and political relations of the member countries. Security issues become more harmonious. According to reports, British Prime Minister Theresa May will lead British small and medium-sized enterprises on a business visit to India in October in an effort to strengthen trade cooperation between the UK and countries outside the EU in the post-Brexit era.
US Republican presidential candidate Donald Trump also extended an olive branch to India. Last Saturday, Trump publicly stated that if he was elected president, the United States and India would become "best friends."
So, will Japan and South Korea join the investment feast in emerging Asia?
Especially in Japan, it is difficult for investors to understand. The truth should be simple, though.
The country needs strong growth in exports because domestic demand is not strong enough to boost investment. Japan's best friend, Russia, cannot replace its neighboring countries, China and South Korea. Statistics show that Japanese exports flowing into Russia account for only .% of Japan’s total exports.
The situation in South Korea is not optimistic either. South Korea's exports to Japan are now declining at a rate of more than % per year.
Analysts point out that developing Asia contains huge investment opportunities. In Eurasia and Asia, large-scale and generous development efforts have also begun and are ongoing. The region is an excellent fishing ground for investors who understand emerging markets. (Mina)
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