Economic environment in 2017
China’s economy grew 6.9% in 2017, the fastest since 2015 and the first upturn since the downward growth trend that started in 2010. The economic growth was the result of a rebound in the industrial sector, a resilient property market and strong export growth.
Disruptions caused by demonetization and tax reforms in India led to a lower GDP growth than in the previous years. However, with a growth of 6.7% in 2017 and a better outlook for the coming years, India continues to show its vast growth potential.
Indonesia’s economy, the largest in South East Asia and one of the world's largest emerging markets, hit a milestone in 2017 when it reached the USD 1 trillion mark, making it the world’s 16th largest economy.
Bekaert is present in Asia with manufacturing sites and development centers in China, India, Indonesia, Malaysia and Japan.