According to Saxo Bank’s chief economist, Asia will continue to outperform Europe and the United States despite a slowdown in China. Growth in Asia is likely to be around 4-4.5% compared to zero growth in Europe and 2% at best in the US, he says.

He adds that China is taking smart steps to address the slowing economy with the Silk Road initiative, where China will make investments in a number of countries in Asia, Europe and Africa.

While in Asia’s leading financial center, Steen Jakobsen did note a sense of unease. This in part due to Hong Kong being marginalised by mainland China and also due to the fact that global growth remains weak.