Plants in Asia show signs of revitalization with an ongoing drop in exports

According to Reuters agency, the growth of industrial production in Asia is expanding in December amid the rise of the Chinese economy. However, export from Asian countries remains uneven, indicating the prospect of sluggish growth in the absence of fundamental prerequisites.

Studies of the production indicators of the Asian region prove that the whale economy is growing, and industrial production in India has reached its highest indicators over the past six months.

South Korea and Taiwan demonstrate positive dynamics of economic activity for the first time since May 2012.

But while the domestic markets of the Asian countries are growing, export continues to decrease, being under the pressure of the European recession and fears of toughening the tax-budget policy in the United States, associated with the vague prospects for the restoration of the American economy.

South Korean exports unexpectedly for Reuters analysts fell in December 2012, giving rise to declare the "heterogeneous and slow" restoration of Asian economies.

"Asia shows signs of growth, but the preserved dependence of this region on exports, and primarily Chinese metallurgy, without signs of improving the situation in the United States and Europe, will not allow production to develop normally," says Frederick Neumann, director of the Asian HSBC 1 .

Data on the European Union and the United States expected this week will show the ongoing deepening and expansion of the euro recession in the fourth quarter and a very modest growth in industrial production in the United States.

"We must build up domestic consumption in China," said Frederick Neumann. Most analysts and researchers are convinced that China must transform its economy so that the main goal is to grow consumption in the domestic market, and not exports and investments.

It still remains clear whether China will carry out such reforms. The leader of the PRC Hu Jintao promised to present in 2013 a new model of the country's economic development, without going into any details.

The business activity of the Asian region continues to improve in the fourth quarter of 2012 by turning the decadent moods of the two previous quarters. At the same time, in accordance with the recently conducted Reuters survey, economic uncertainty remains the biggest problem for Asian companies.


1 .HSBC Holdings PLC, Aych-Es-BC, is one of the largest financial conglomerates in the world. According to the rating of Forbes magazine, 2011 is the largest (according to capitalization) company in Europe and the second in the world. Headquarters-in London.