Emerging Markets will become the Next Engine of World Economy
Xinhua News Agency April 17, 2009
Mr. Ed Hotard, Chairman of Monitor Group commented during the Boao Forum for Asia that Asian economy is not only rising rapidly, but also largely influencing the world economy as a whole. Asia, especially China’s growth is a perfect example how it drives global economy. Mr. Hotard also mentioned that some great Asian companies know very well how to operate in the global market and have done a great job in the economy crisis. Some Chinese companies are also seeking ways to cope with the crisis and they merge to be a great power.