My Say: Three big changes in the risk environment for Asia

Understanding all these changes is necessary to appreciate fully what it all means for us in Asia. Countries such as those in Southeast Asia, which are being wooed by both the big powers, will benefit disproportionately. With workers in short supply, economic growth will be curtailed unless productivity growth can speed up. • Conscious choice of quality over quantity in economic development: China’s phenomenal growth came at the expense of massive environmental degradation. In short, there will be a step-down in Chinese economic growth and the rest of the world will have to get used to that.