Asia's opportunities come with challenges

Boardrooms around the world are abuzz with talks about Hong Kong's new budget, and global businesses are cautiously optimistic about its measures to cut taxes and stabilize the economy. It is a much-needed step that could drive growth at a critical time.

Of course, this is just the latest chapter of a promising economic story in Hong Kong - and all across Asia. Thanks to developments like these, more and more businesses and investors from around the world are looking to Asia.

In a slow growth world, Asia offers a strong prospect. Some major Asian economies have slowed in recent years. But even with that deceleration, Asia remains the fastest-growing economic region in the world. This year, Asia's economy is projected to grow 6 percent, nearly double the expected global rate of 3.5 percent.