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South-east Asia cannot expect to see a wide-scale divergence of supply chains coming its way unless there are improvements in production technology & capacity, and regional integration, according to HSBC.
Singaporean companies are looking past cyclical downturns and trade tensions to China’s rising wealthy milllennials for future growth, a HSBC survey has found. Whilst businesses have mixed opinions on the best strategies to grow their exports to China, the majority agree that a price-led strategy is not sustainable, and that regional trade pacts will be an economic booster.
HSBC Singapore welcomes the signing of the EU-Singapore Free Trade Agreement (EUSFTA); a significant moment for the two dynamic economies and for ASEAN.
India and ASEAN have much to gain from cooperating – rather than competing – on trade and investment, says HSBC Singapore's CEO Tony Cripps.
ASEAN’s growth projections look bright but accelerating economic integration is the only way to meet challenges on the horizon, particularly competition in manufacturing from China, says HSBC’s chief ASEAN economist
While delays in ratifying the Singapore-EU trade deal are likely, commercial activity through the Belt and Road corridor is growing