(Hong Kong Bloomberg) According to the latest data, Southeast Asia has surpassed the United States and the European Union and became China's largest export market.
The 12 -month mobile average compiled by HSBC Holdings shows that China's monthly export amount to the Asianan country has soared to nearly $ 600 billion (about S $ 8159).At the same time, the imports of the United States and the European Union have declined from China this year, so that Southeast Asia replaced the United States and the European Union and became China's largest export market.
The global supply chain has reorganized Chinese components to the final assembly of Southeast Asia
Fan Limin, Chief Asian Economist and Co -Director of Asia, HSBC Global Research, pointed out that this transformation is due to the RCEP of the regional comprehensive economic partnership (RCEP) led by Beijing, which also proves the reorganization of the global supply chain, that is, increasingly increasinglyThe more components from China transferred to Southern Asia for final assembly, and then exported to other parts of the world.
When the demand for developed markets has declined, a closer connection between Southeast Asia and China may help stabilize global trade, because the largest export market in Asian is also China.
Fan Limin said: "In short, the trading corridor between Asia and China is one of the important trading corridors in Asia and the world. Internal trade in Asia is playing a role."
