中美贸易战

South-east Asia calculates its next move as US and China face off

Investment is pouring into the region, but extracting value is proving harder than expected

The writer is the author of ‘Chip War’

As US President Donald Trump wields tariff threats, and China’s record trade surplus approaches $1tn, how are other countries navigating trade and tech tension? South-east Asia — economically interlinked, politically often neutral — is a laboratory for efforts not only to mitigate the cost of trade disputes, but to capitalise on them.    

Some south-east Asian leaders perceive a once-in-a-generation chance for re-industrialisation. Countries like Thailand and Malaysia used to be considered rising tigers. Yet in the wake of the Asian financial crisis of 1997, China entered the World Trade Organization and sucked in so much foreign investment that little was left for south-east Asia.    

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