Chief Economist & Political Strategist, CrossASEAN Research

Prasenjit K. Basu

PK Basu has 34 years experience covering Asia's economies and markets (equities, fixed income and currencies), including 20 years covering the global economy. He was Chief Economist (SE Asia & India) at Credit Suisse First Boston for 5 years, and Chief Asia (x-Jpn) Economist at Daiwa Securities for a similar period. Among other roles, he was global head of research at Maybank Kim Eng, Malaysia equity research head and chief ASEAN economist at Macquarie, Chief Economist at ICICI Securities, ASEAN economist at UBS and the first chief economist at Khazanah Nasional (where he was co-head of research, and led all agri-business initiatives). PK Basu started his career in the Asia Service of WEFA (Wharton Econometrics) in Philadelphia in 1990, rising to be Director of their Asia Service in June 1994. 
PK's book, "Asia Reborn: A continent rises from the ravages of Colonialism and War to a New Dynamism" won the Tata Literature First Book Award (non-fiction) for 2018. It is the first single chronicle of the modern economic and political history of the whole of Asia (from Iraq and Turkey to Korea and Japan, and everything in between), told from an Asian perspective.

Chief Economist & Political Strategist

China's Slow-Burning Financial Crisis Worsens Amid Persistent Overcapacity

US Recession Still Likely but Imports to Rebound Sooner, Benefiting India-ASEAN

India: Real GDP to Sustain 8%+ YoY Growth over the Next 18 Months

The Trade War Is Set to Worsen, as China Falls Far Short of Meeting Phase 1 Targets

Trump Is Not the Cause but an Effect of De-Globalisation; No Magical Rebound in Trade

What a Biden Presidency Will Mean for Markets, the Economy and Asia

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Macroeconomics

<ul>
<li>China's share of US imports is down to a 16-year low of 15.1% in the year to May'23, from a peak of 21.77% five years ago. Trump's tariffs worked. </li>
<li>ASEAN was the main loser from China's market-share gains in the US, and is now (alongwith India) among the major gainers from China's losses in US market share.  </li>
<li>China's bilateral trade surplus with the US has moderated only slightly, so it remains a live political issue in the US. China is likely to keep losing US market share. </li>
</ul>


China's share of US imports is down to a 16-year low of 15.1% in the year to May'23, from a peak of 21.77% five years ago. Trump's tariffs worked. 
ASEAN was the main loser from China's market-share gains in the US, and is now (alongwith India) among the major gainers from China's losses in US market share.  
China's bilateral trade surplus with the US has moderated only slightly, so it remains a live political issue in the US. China is likely to keep losing US market share. 


Trump's Trade War Revisited: Tariffs Did Reduce China's Bilateral Surplus with US