Neigh­bors’ eas­ing is a good thing for Tai­wan’s devel­op­ment: an­a­lyst

The China Post - - TAIWAN BUSINESS -

Tai­wan can ex­pect to ben­e­fit as easy money poli­cies spur growth in the economies of other Asian coun­tries, said a Lon­don-based in­vestor yes­ter­day.

Cen­tral banks in main­land China, In­dia, Australia and other Asia-Pa­cific coun­tries have cut rates and adopted other easy money mea­sures this year in the bid to stim­u­late growth.

Tai­wan stands to ben­e­fit from the re­bound­ing economies as they re­new de­mand for Tai­wanese ex­ports, Josh Crabb said yes­ter­day in Taipei.

Crabb is head of Asian eq­ui­ties at Old Mu­tual Global In­vestors in the UK.

He was pre­vi­ously in­vest­ment direc­tor for Pru­den­tial As­set Man­age­ment in Hong Kong and Bankers Trust in Syd­ney.

On the im­pact of the main­land’s Asian In­fra­struc­ture In­vest­ment Bank (AIIB, ), Crabb said it is an ex­ten­sion of their “One Belt, One Road” ( ) ini­tia­tive and will most ben­e­fit rail, har­bor and other con­struc­tion firms.

On the prospect of the U.S. Fed­eral Re­serve rais­ing in­ter­est rates, Crabb said higher rates and a healthy U.S. econ­omy are likely to ben­e­fit East Asian coun­tries like Ja­pan, but worsen economies with large U.S.-dollar-de­nom­i­nated debt bur­dens, such as Thai­land.

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