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Thailand to benefit from trade and investment diversion away from China

In a recent research report Moody’s identifies which Asian countries are most vulnerable to slower global trade volumes and which stand to gain. — Hong Kong, Singapore, Taiwan, Vietnam and Mongolia are among the most exposed in Asia Pacific to a sustained trade slowdown in China. — But Taiwan and Vietnam also stand to benefit the most, along with Thailand and Malaysia, from trade and investment diversion away from China. Asia Pacific: Spillovers From Slowing Trade Weigh On Growth Moody’s Investors Service has examined 23 rated countries in Asia Pacific and identified in a just-released report, countries that benefit the most and those which are the most vulnerable to falling trade volumes globally, in part because of the ongoing and broad-based tensions between the US (Aaa stable) and China (A1 stable). “Given the uncertain outlook for growth and trade policy, as well as generally tighter financing conditions, slower investment growth will amplify the trade slowdown, especially in Hong Kong, Singapore, Taiwan, Vietnam and Mongolia,” Christian de Guzman, a Moody’s Vice President and Senior Credit Officer. Shifts In Production Chains Positive For A Few Sovereigns Over Time Unsurprisingly, countries that already participate in the regional manufacturing supply chain have the greatest export similarity to China, notably Vietnam, Korea, Thailand, Taiwan, Japan (A1 stable) and Malaysia. While among the most susceptible to the direct impact of slower trade flows as described above, these countries are at the same time best positioned to benefit from positive spillovers. Sovereigns – Asia Pacific: Spillovers From Slowing Trade Weigh On Growth; Shifts In Production Chains Positive For A Few Sovereigns Over Time “And, gains from trade and investment diversion away from China will depend on industrial structure, scalability and labor costs — potentially benefiting Taiwan, Thailand, Malaysia and Vietnam — although the reconfiguration of supply... If you wish to read this full breaking news headline, plus more articles from around Thailand and Asia like, Thailand to benefit from trade and investment diversion away from China, simply click on 'Read full story' below, but 1st please give us a 'LIKE' or 'SHARE' before you leave. Thank you Thailand to benefit from trade and investment diversion away from China

 

 

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Published By: Thailand Business News - Tuesday, 19 March

 

 

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