Continuing with our earlier article please find some more interesting facts about emerging markets, which will highlights how attractive emerging markets are:
Low cost carriers that have targeted smart consumers to alter their consumption behavior have rapidly expanded their market share within the airline industry over the past few years. In particular, demand for low cost carriers has risen at a faster rate in Asia compared to the rest of the world. This robust trend is expected to continue moving forward, with the major part of the growth attributed to China's emerging middle class.
Among the five largest IKEA stores around the world, four stores are now located in China. China is no doubt one of IKEA's fastest growing markets, with approximately 40% more customer traffic than in any other country, resulting in an annual sales growth of 17% in 2013. This is one strong evidence that supports the fact that China is one of the world's fastest growing retail markets.
Four countries that are deeply involved in the recent political conflicts in the Northeast Asian region, namely, the United States, China, Russia, and Japan, are all included in the world's top 6 military spenders. Military spending is highly related to a nation’s military power, and also show a close link to the country's economic situation.
We will share some interesting facts about emerging markets especially India and China in our subsequent articles.
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