By Robert Bociaga
In recent years, China has risen to become the largest source of imports for nine of the 10 Southeast Asian countries. Also, it is an increasingly important export market for all 10.
Will coronavirus turn this relationship upside down?
Even before the outbreak, many had warned these countries about their over-reliance on China, but it is coronavirus that has sparked a fire. And with the inflow of tourists – from China especially – practically halted, business owners are feeling the heat.
Moreover, analysts are unanimous in predicting that the dampened demand will surely translate into an economic slowdown for the entire region.
Coronavirus can be a lesson, but do they want to learn? More about this article…