By 2040, Asia is likely to generate more than 50 percent of world GDP, and could account for nearly 40 percent of global consumption.
For Jonathan Woetzel's latest contributions to The Japan Times, see below:
While both countries may be tempted to turn inward, there are five reasons why they would be wise not to.
China is on a path toward becoming a major source of both energy demand and the cutting-edge technologies needed to meet that demand.
China can settle for temporary fixes that will ultimately make its problem worse. Or it can seize the opportunity and press ahead with reforms that will boost productivity and create economic prosperity for years to come.
China is not given enough credit for how far it has come as an innovator.