BEIJING, Nov. 16 (Xinhua) -- Emerging Asian economies are changing rapidly with the region’s equity and corporate bond markets being on course to assume nearly 30 percent of global share by 2030, according to Credit Suisse Research Institute (CSRI)’s latest report Asia in Transition.
The report predicted that China is likely to become the biggest winner in the region with equity’s share in global market rising to 18.9 percent by 2030 from 11.1 percent currently, while corporate bond rising to take up 21.7 percent from 13.3 percent currently.
The region’s share of global economic output is set to reach 55 percent by 2050, the report predicted, noting that economic and investment activity in the region is undergoing a period of multifaceted, swift and exciting transition. (Edited by Niu Huizhe, niuhuizhe@xinhua.org)
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