China's Economic Pain Will Power Southeast Asia's Gains
Feb 25, 2019 | 10:30 GMT
- The U.S.-China trade war is speeding up the relocation of low-end manufacturing investment outside China into parts of Southeast Asia.
- A highly effective tech supply chain makes it hard for companies to diversify their own beyond China's but political considerations could prompt some Asian tech giants, especially those from South Korea and Taiwan, to look elsewhere.
- The U.S.-China trade war and China's weakened export sector will continue to place a drag on Southeast Asian economies, inflicting greater pain on countries highly dependent on trade or with high current account deficits.