The developed world is in a synchronized downturn but not so for large parts of Asia, including China, notes Robert Prior-Wandesforde, Asia economist at HSBC. He tells CNBC's Martin Soong & Sri Jegarajah more.

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Closing Bell Exchange Wed 22 May 13 \| 03:00 PM	FOMC: Possible Scaling Back QE In Next few Meetings Wed 22 May 13 \| 03:00 PM	Yachts on a Boat Wed 22 May 13 \| 02:58 PM	Second Life for Fisker? Wed 22 May 13 \| 02:58 PM	Why is Solar Hot? Wed 22 May 13 \| 02:50 PM
Theme Park Stocks: Screaming Buy? Wed 22 May 13 \| 02:45 PM	Angry Birds: A Media Empire? Wed 22 May 13 \| 02:41 PM	UK Official: London Attack Could be Terror-Related Wed 22 May 13 \| 02:33 PM	More Homes for Sale Wed 22 May 13 \| 02:10 PM	Pimco's Gross: Fed Likely to Start Tapering in September Wed 22 May 13 \| 02:03 PM
No More Retail Spending Spree? Wed 22 May 13 \| 02:00 PM	Existing Home Sales Climb to 3.5-Year High in April Wed 22 May 13 \| 02:00 PM	June Taper Possible? Wed 22 May 13 \| 02:00 PM	China Buying Big Into US Wed 22 May 13 \| 01:55 PM	Inside the World of Illegal Gambling Wed 22 May 13 \| 01:48 PM
Oklahoma Tragedy: Counting the Cost of the Damage Wed 22 May 13 \| 01:42 PM	Gold Closing for the Day Wed 22 May 13 \| 01:30 PM	Trader Talk: If the Fed Starts Tapering ... Wed 22 May 13 \| 01:30 PM	Will More Tech Companies Issue Bonds? Wed 22 May 13 \| 01:16 PM	IRS Official Lerner: I Have Not Done Anything Wrong Wed 22 May 13 \| 01:05 PM
FMHR Final Trade Wed 22 May 13 \| 12:58 PM	Best Buy: Buy, Sell or Hold? Wed 22 May 13 \| 12:51 PM	TLT: Buy, Sell or Hold? Wed 22 May 13 \| 12:45 PM	HPQ 'Rent Too Low': Toni Sacconaghi Wed 22 May 13 \| 12:39 PM	Futures Now: Bond Yields Soar on Bernanke Wed 22 May 13 \| 12:30 PM
FMHR's Top Three Trades Wed 22 May 13 \| 12:30 PM	Halftime Pops & Drops Wed 22 May 13 \| 12:27 PM	Top 5 Airline Stock Picks: Analyst Wed 22 May 13 \| 12:20 PM	Should You Buy Tesla? Wed 22 May 13 \| 12:15 PM	Auto Stocks on the Move Wed 22 May 13 \| 12:15 PM

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Asia Escapes Downturn?

Asia Escapes Downturn?

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