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s a low-cost manufacturing base, with makers of everything from handbags to shirts to basic electronic components relocating to cheaper locales like Southeast Asia. The shift-illustrated in weakened foreign investment in China—has pluses and minuses for an economy EFTA00692969 key to global growth. Beijin
ulations. Asian firms accounted for much of the investment drop in China. Investment from 10 Asian economies — Hong Kong, Taiwan, Macau, Japan, the Philippines, Thailand, Malaysia, Singapore, Indonesia and South Korea—fell 4.8% last year and accounted for about 82% of the total. Hong Kong was the single big
t =o be in his late 20s, could find ways to make that stance untenable. Meanwhile, China'= increasing assertiveness discomfits neighbors throughout Southeast and Ea=t Asia. China has claimed pretty much the whole South China Sea, though it= coastline is farther from much of it than that of Vietnam, Malay
h=licopter. Quarrels have intensified between 8 EFTA_R1_01368268 EFTA02368878 South Korea and Japan, North K=rea and South Korea, China and the Philippines, India and China. Taiwan is=always a possible flashpoint. Any one of these could drag the United States in. The scariest develo=ment may be in Nort
though this migration may continue a while longer, EM investors should understand the reality that the economic growth case outside of South Asia and Southeast Asia is mostly limited to productivity gains. India has the best demographic profile of any major emerging market as shown GLOBAL FORESIGHT THIRD QU
Page: HOUSE_OVERSIGHT_012082 →end towards investor stewardship and active ownership echoes the progress already made in other Asian markets such as Japan, Hong Kong, Malaysia, the Philippines, Singapore, and Thailand. With the adoption of a Stewardship Code, our expectations are that shareholders in Korean equities, and especially in chaeb
Page: HOUSE_OVERSIGHT_012094 →Entities connected to both Southeast and Philippines

Jeffrey Epstein
PERSON
Marc Rich
PERSON
Lesley Groff
PERSON
George W. Bush
PERSONLeon Black
PERSON
Donald Trump
PERSON
United States
LOCATION
John F. Kennedy
PERSON
Prince Andrew
PERSON
Barack Obama
PERSON
Malaysia
LOCATION
Bill Clinton
PERSON
Joe Biden
PERSON
Department of Justice
ORGANIZATION
Bloomberg L.P.
ORGANIZATION
Woody Allen
PERSON
Prince Charles
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Vietnam
LOCATION
Virginia Giuffre
PERSON
Stephen Hawking
PERSON