Asian countries are looking for catalysts beyond China to drive their economies ...
- Asian countries are looking for catalysts beyond China to drive their economies as the Sino-U.S. trade war forces Chinese demand for their exports to shrink.
Thailand has unveiled a “relocation package” comprising tax incentives and changes in laws to attract foreign firms. Exports to China from Asia have slowed this year, prompting the sellers to look for substitute markets. Japan and South Korea saw their exports to China fall in the first half, but their shipments to the United States, United Kingdom and Russia rose during that period.“Efforts to look for unconventional markets have seen an increase in shipments to countries like Chile, Qatar, and Sri Lanka,” Bank Indonesia deputy governor Dody Budi Waluyo told Reuters.
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