This was supposed to be the Asian century, with the ascent of China being only one – albeit a major – part of the story. The rest of it was going to be about other rising regional stars: potentially huge economies like India, rapidly industrialising upper-middle-income countries such as Malaysia, strategically significant exporters of minerals and other raw materials like Indonesia, and some relatively new kids on the block, including Vietnam and Bangladesh. Many regarded Asia as the world’s most dynamic region, one with relatively favorable demographics and potential for economic diversification, while China’s increasingly gargantuan economy and evolving supply chains would inevitably pull
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