Fidelity International Analyst Says Asia Is Cultivating New Growth Engines

Fidelity International Asia economist Liu Pei-gan said Asian countries are using fiscal policy, industry policy and stimulus measures to develop new growth engines in AI, semiconductors, energy, defense and advanced manufacturing, according to Ming Pao. He said markets in the region are moving in similar directions, but policy goals and starting points differ. Balancing inflation, fiscal deficits, exchange-rate volatility and capital flows remains a challenge for investors.