China’s cooling economy is a warning for ASEAN
As China heads into its Party Congress next week, concerns have been surfacing over the past few months about the state of the world’s second-largest economy, which has implications not just for Beijing but also neighboring Southeast Asian states. The recent downgrading by Standard & Poor’s (S&P) was one recent sign of this, and it bears watching within this broader context.
[…] China’s rapid economic expansion has no doubt heralded enormous and unprecedented benefits for ASEAN, lifting millions of people out of absolute poverty and redefining the region’s middle classes. Twenty percent annual growth in ASEAN exports to China was the norm for around two decades. …
Luke Hunt
