Asia excluding Greater China

Asia excluding Greater China (AEGC) is a geopolitical and economic term used to indicate all the nation states and territories on the Asian continent excluding Greater China, mainly China, Hong Kong, Macau, Taiwan, Singapore, Chinese Malaysia, Chinese Indonesia and other economies where overseas Chinese reside including cities and towns in Europe and North America with a sizeable Chinese population such as San Francisco, Honolulu, Vancouver, Richmond, Los Angeles, New York City, London and Toronto.
Use of term
This term is often used for investors in Asian economies who want to make supernormal profits investing in the hitherto closed Chinese economy, situated in Asia.
This term was coined to avoid confusion and bundling of investments, such as Japanese debts with low yields, with other Asian, Chinese investments.
During the 1990s to 2010s, profitable investments are often referred to as Chinese or Greater Chinese, and bad debts frequently referred to as Japanese. Due to racial and geopolitical sensitivities, bad debts originating from Japan, or investments with an Asian component, bundled or other Asian "emerging markets" growth economies "contaminated" with Japanese debts going bad after Abenomics policies, are referred to as investments in AEGC.
For example, securities that are issued in Hong Kong, a Greater China territory, for a Japanese, Tokyo-based corporation with factories in Myanmar or Thailand, not servicing the Greater China consumer market, nor holding any corporate assets, especially real estate, in Greater China, is classified as AEGC. This is to prevent investor confusion with other corporations listed in Hong Kong HKSE with investment destination as Greater China consumers, such as a Hong Kong-listed Singaporean or Korean corporation with factories situated in Mainland China proper, holding mainland Chinese land and servicing the Greater China consumer market. The latter will be qualified as a "Greater China" investment, be they securities or PRC yuan-denominated bonds or dimsum bonds.
to avoid bad investments the deflationary and recessionary economy of Japan. This term has been popularized after the Fukushima nuclear fallout of 2011.
This term replaces the previous term Asian excluding Japan indicating all consumer populations excluding ethnic Japanese expatriate populations and the Japanese mainland economy.

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