Shifts in regional supply chains that began as a trade war between the United States and China are being hastened this year by the coronavirus pandemic. Broadly speaking, this will result in slowdown in offshoring to China and a redistribution of manufacturing foreign direct investment (FDI) to the Association of Southeast Asian Nations (ASEAN).
As Covid-19 dominates global headlines, it is easy to lose track of other news and developments. Here are some of the issues that Access Asia Group has been following in Southeast Asia under the shadow of Covid-19.
Tensions continue to simmer in the South China Sea as Covid-19, or ‘the coronavirus’ remains headline news. Will the viral outbreak drive the region closer together or farther apart? Either way, it’s possible that Vietnam stands the most to gain.
The coronavirus is not yet a pandemic, but China is so key to the global economy that a Chinese “local epidemic event” is global in its ramifications.
A novel coronavirus is swiftly emerging as a global health risk that will have significant economic, social and political repercussions. The 2019-nCoV, or the Wuhan coronavirus, undoubtedly has access to every corner of the planet – and it is unfolding in a new age of information that will heighten the fear factor.