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Jakarta Post

News Analysis: China: A catalyst for infrastructure development

  • Gita Wirjawan

Jakarta   /   Fri, May 7 2010   /  09:39 am

Ten years ago, as it was emerging out of a severe financial crisis, Asia was expected to at best muddle through for the next decade or so. Many countries had been hit hard by the collapse of the Thai baht and their economies almost came to a screeching halt.Providing hard proof of their resilience, the emerging economies of the region instead almost doubled their combined GDP in 2005. Five years later, Asia once again has become a unanimous feel-good story for long-term investors.Much of that enthusiasm is being driven by the sizzling growth of China since it reopened its economy in the late 1980s. By 2030, the world’s most populous country will eclipse the US in terms of economic size, and is now widely viewed as a rising tide that could lift all boats in the region.As China’s Premier Wen Jiabao’s scheduled visit nears, Indonesia is focusing on areas where it can expand the scope ...