Beyond China: Asia’s growth stories

In the year ahead, Asia’s other stories may start to get more attention from investors, even if China’s trajectory remains difficult to predict

Asia Dragon Trust abrdn website
(Image credit: Asia Dragon Trust abrdn website)

Asia is rich with growth stories: from Indonesia, where resource wealth is driving a consumer boom, to Vietnam, where foreign direct investment is an engine for change, to India, where sound economic management and innovation are creating new opportunities. But in 2023, investors focused on a single story – China.  

Asian markets looked lacklustre compared to broader global markets in 2023, where the MSC Asia including Japan was roughly flat in GBP terms and China was down 16%. China remained wildly unpopular, mired in domestic weakness and hit by geopolitical tensions. 

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Other important information: Issued by abrdn Fund Managers Limited, registered in England and Wales (740118) at 280 Bishopsgate, London EC2M 4AG. abrdn Investments Limited, registered in Scotland (No. 108419), 10 Queen’s Terrace, Aberdeen AB10 1XL. Both companies are authorised and regulated by the Financial Conduct Authority in the UK.

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