Economics
China Slowdown Means Contrasting Fortunes for Asia’s Exporters
- Weaker high-end goods, electronics hammers N. Asia economies
- Asean orders resilient amid steady demand for essential goods
Shipping containers at the Busan Port Terminal in Busan, South Korea.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
China’s economic growth slowdown has triggered a stark contrast in fortunes for its trading partners across Asia, with northern neighbors suffering while economies in the southeast are broadly holding up.
The world’s No. 2 economy is still dealing with a slump in consumption and output brought on by lockdowns, compounding the hit to demand from a global semiconductor slowdown.