bullish

Asia Economics: China’s Slowdown and Its Challenges and Opportunities for Asia

746 Views24 Oct 2023 09:00
SUMMARY
  • Beyond the cyclical difficulties, China is likely to see a secular slowdown in growth. There will be short-term pain for the rest of Asia due to the negative spillovers.
  • Contracting import demand in China will hurt growth and currency stability in the rest of Asia. However, there are signs of resilience despite the trade slump.
  • The medium-to-long run implications may be more benign if other Asian economies can benefit from the restructuring of supply chains and trade linkages.
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