China Now Rivals U.S., Europe as Growth Engine for Asia Exports
- Asian currency swings also increasingly influenced by China
- But region’s bond markets still driven by moves in U.S.
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China is now an equal or even bigger driver of export growth in neighboring economies than the U.S. and E.U combined, marking a significant shift in the economic pecking order since the 2008 global financial crisis.
That’s according to research by Deutsche Bank AG economists who weighed up the influence of the U.S. and China over the rest of Asia through the prism of export growth, as well as the currency and bond markets.