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ASEAN Economies Step Up as China Takes a Step Back – ST

Trade and investments are booming, with Malaysia, Thailand and Indonesia reporting soaring exports as customers scramble for alternative sources of metals, electronics and apparel


Exports from ASEAN nations have surged while cities in China were shut down during the Covid lockdowns.
A woman in a protective suit stands on a Shanghai street during the prolonged Covid lockdown, on May 26, 2022 . File photo: Aly Song, Reuters.

 

As the Covid pandemic takes a huge toll on the Chinese economy, the factory of the world, members of the Association of Southeast Asian Nations (ASEAN) grouping are stepping up to fill the void, The Straits Times reported.

Trade and investments are booming in the region, with nations such as Malaysia, Thailand and Indonesia reporting soaring exports as customers globally scramble for alternative sources of metals, electronics and apparel, the report said.

 

Read the full report: The Straits Times.

 

 

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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.