OPINION

Asean countries are facing their own 'China shock'

News, Manishi Raychaudhuri, Published on 20/05/2025

» As the United States and Europe have sought to loosen their economic ties with China in recent years, Beijing has focused on expanding its export markets across the "Global South", particularly in Southeast Asia. But this could create significant economic risks as the region's manufacturers struggle to compete. Regardless of the contours of any eventual US-China trade deal, Beijing's exports to America seem destined to continue falling, as do those to the European Union. The bloc has been seeking to "de-risk" from Chinese imports and supply chains, particularly when it comes to electric vehicles, batteries and solar power equipment.