Philippines Most at Risk in Asean From China-U.S. Trade War
Photographer: SeongJoon Cho/Bloomberg
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The Philippines could be the most at risk in Southeast Asia from the worsening trade conflict between China and the U.S.
About 16.9 percent of the Philippines’ shipments abroad are part of China’s value chain; goods that serve as inputs to China’s exports, according to RHB Bank Bhd. That compares with 11.4 percent for Malaysia and just 2.2 percent for Vietnam.