If the US Federal Reserve increases rates gradually, there are enough positive drivers in Asia to avoid a repeat of the 2013 turmoil.
But this is a situation investors must continue to monitor carefully.
Anh Lu is portfolio manager of the T Rowe Price Asian excluding Japan Equity fund
Key figures
5.5%
Asia’s expected GDP growth in 2014, according to IMF economists
5.6%
The IMF estimates GDP growth of 5.6 per cent in Asia this year
7.4%
Growth of China’s economy last year compared with 7.7 per cent for the previous two years