As China’s Government initiates its long-term policy reform aiming to reduce the world’s second largest economy’s dominant reliance on exports and develop domestic demand-based growth drivers through inclusive development, other economies in the region also stand to benefit.
“Despite a slowdown in headline GDP growth in China, largely as a result of a fall in investment, an increasingly consumption-driven Chinese economy would benefit regional exporters of consumer goods through increased penetration to Chinese markets,” says the Survey.
One of the world's most natural disaster-prone nations, Bangladesh has to live with recurring floods and cyclones which have claimed hundreds of thousands of lives over the past four decades. A high government priority, disaster preparedness is also good economics. Studies show that for every $1 invested in storm, cyclone and flood warning prediction systems in Bangladesh, the estimated return is between $8 and $500 for a 10-year period. The investments made so far have contributed to the saving of thousands of lives, and the Government is stepping up its efforts.