China, India lead APAC region in economic growth

Many of the world's rapidly developing economies are located in the Asia-Pacific region, which has made many multinational corporations view the area as a major opportunity for growth. As might be expected, recent analysis found China and India to be the fastest-growing nations under the APAC umbrella, but the entire region remains valuable for global business.

Citing credit analysis from Moody's, the Economic Times noted that India now has a Baa2, or lower medium-grade, rating, while China boasts a stronger A1 high-medium classification. India's economic growth has slowed somewhat of late, while China's market expansion remains moderately strong.

Both of these designations are considered "stable" for the moment by Moody's analysts, limiting the likelihood of drastic positive or negative change.

Meanwhile, surrounding APAC economies - including Thailand, Vietnam, Cambodia, Laos and Myanmar - are slated for "robust growth."

The Chinese state-run news agency Xinhua reported China's projected economic growth rate for 2018 as 6.9 percent, higher than all other APAC countries, according to the Financial Tribune. However, analysis from the nonpartisan Organisation for Economic Cooperation and Development, in its "Economic Outlook for Southeast Asia, China and India 2018," estimated a slightly more modest 6.2 percent growth rate for the period of 2018 to 2022. 

China, India lead APAC region in economic growth