China’s manufacturing landscape is undergoing a major transformation, driven by rising wages, more stringent environmental regulations, a wider adoption of digital technology and opportunities in overseas markets.
Asian supply chains are evolving from a focus on efficiency to an emphasis on balancing efficiency and resilience. Simultaneously, there is an ongoing push to “green” supply chains as part of a global effort to fight climate change.
This next issue in the Trade Wind Series presents the key takeaways from staff’s discussions in Vietnam, which is that the country has the potential to become a global FDI and supply chain hub if appropriate measures and structural reforms are undertaken.
In the wake of the U.S.-China trade conflict and the COVID-19 pandemic, there has been a notable shift in rhetoric toward supply chain independence and security, consequently challenging China's position as the leading global exporter. Across ASEAN, Vietnam appears to have benefited the most from the rearrangement of global export markets.
This issue analyzes China’s and ASEAN’s trade performance to assess (1) if their respective contributions have materially changed; and (2) China’s changing comparative advantage across sectors and how the rest of the region may be adjusting to benefit from it.
Hong Kong’s role in connecting mainland China with the rest of the world has evolved over time. The city has expanded from a key entrepot for trade and investment in the 1990s to becoming an important hub for financial intermediation and mainland capital account opening, earning it the title of super-connector.
Disruptions to the global flow of goods during the pandemic are dissipating.
Sea ports, which account for around 80 percent of international traded goods, have been a major choke point of global supply chains since the onset of the COVID-19 pandemic.
In an interview with CGTN Dialogue’s Xu Qinduo, AMRO Chief Economist, Dr. Hoe Ee Khor talks about ASEAN+3 Economic Outlook, RCEP, global supply chains and the impact of the war in Ukraine in the region.
The robust recovery in merchandise exports from the ASEAN+3 economies has been a bright spot during the COVID-19 pandemic, but is masking continuing disruptions to global trade.
