How to profit as wealth and power head East

The domination of the West is coming to an end, as economic power shifts to the East. Jody Clarke reports on where to find the next big investment opportunities, and tips the companies set to be the multinationals of the future.

Few things in recent years have symbolised the end of empire better than the lowering of the Union flag over Hong Kong. It wasn't as dramatic as the sacking of Rome. But for anyone standing outside Government House on 1 July 1997 as the British colony was handed back to China, it was no less significant.

On 2 June this year, the US had its own Hong Kong moment. General Motors, once the embodiment of US economic might, agreed to sell its Hummer brand to a little-known Chinese manufacturer, part of the process of slimming down and entering Chapter 11 bankruptcy. If there were any doubts before the event that economic dominance is moving away from America, the sight of a nimbler, smaller rival picking over the bones of the US giant should have dispelled them.

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Jody Clarke

Jody studied at the University of Limerick and was a senior writer for MoneyWeek. Jody is experienced in interviewing, for example digging into the lives of an ex-M15 agent and quirky business owners who have made millions. Jody’s other areas of expertise include advice on funds, stocks and house prices.