China slowdown to hurt Singapore most in Southeast Asia

[krafty]

China is spore's largest export destination, taking almost 15 per cent of shipments. Malaysia, the Philippines and Vietnam will be less affected, Glenn Maguire, ANZ chief economist for South Asia, Southeast Asia and Pacific, said in a Jan 6 note, using a sensitivity index based on the past decade of data.

Singapore's export-oriented economy is already feeling pain. Growth was 2.1 per cent in 2015, the slowest pace in six years, mirroring the slowdown in China.

http://www.straitstimes.com/busines...-singapore-most-in-southeast-asia#xtor=CS1-10

 

[emeritus CB]

If SG isn't hurt then I am worried.

 

[mojito]

Economy is like a lorry. Slow down is good. Fast up lorry is bad.

 

[MovieStar]

Krafty.
I thought you said you quit here? Btw started new job?

 

[syed putra]

That's because Xi Jinping goes around executing businessmen who were found to be corrupt. So new businesses stopped functioning for fear of being prosecuted. And those that survived remit their money overseas and do their business there. Remove the nazi Xi Jinping and china will start to grow again.