China Leads Asia's Largest Countries By Land Area As Region Faces Economic Headwinds
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Asia is home to diverse and dynamic countries, spanning least developed to most economically developed. It is the largest continent by both population and land area.
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The article ranks the top 20 largest Asian countries by land area using 2024 projections from the CIA World Factbook. Russia, Turkey, and Saudi Arabia are included due to having a majority Asian land area.
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The top 5 largest countries are Indonesia (#6), Iran (#5), Mongolia (#4), Pakistan (#3), and China (#1). Indonesia spans over 1.9 million sq km as the world's largest archipelago with over 17,000 islands.
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Major players driving Asia's economy include Samsung, TSMC, Toyota, and Tencent. Updates highlight Samsung's push into AI and 6G, TSMC's expansion in Japan, Toyota acquiring an EV battery manufacturer, and Tencent's new Saudi enterprise cloud platform.
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Asia faces slowing growth momentum in 2024 due to China's property sector weakness, vulnerable real estate markets in HK and Singapore, falling external demand, and structural slowdowns constraining potential. IMF projects 4.6% growth in 2023 down to 4.2% in 2024.