Hyundai Motor vehicles bound for export await shipment at a port near Hyundai’s plant in Ulsan, South Korea, on January 22. Short on natural resources of its own, South Korea’s economy is heavily dependent on exports, making its economy particularly susceptible to changes in its trading partners. Photo: Bloomberg
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

South Korea’s economic slump a bad sign for Asian economies dependent on exports to China

  • A weakened Korean won failed to stimulate its exports, meaning China’s recent growth is not in the sectors that need them, and that’s bad for Beijing’s other trading partners

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Hyundai Motor vehicles bound for export await shipment at a port near Hyundai’s plant in Ulsan, South Korea, on January 22. Short on natural resources of its own, South Korea’s economy is heavily dependent on exports, making its economy particularly susceptible to changes in its trading partners. Photo: Bloomberg
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China's Vice-Premier Liu He poses for a photo with US Treasury Secretary Steven Mnuchin (right) and US Trade Representative Robert Lighthizer in Beijing on March 28. Ongoing negotiations between the US and China are reportedly nearing their end, with the possibility of Chinese President Xi Jinping signing a trade deal with US President Donald Trump floated for June. Photo: AFP
Chen Zhao
Opinion

Opinion

Chen Zhao

A US-China trade deal won’t be a win for global markets if Beijing shifts its trade surplus to other countries

  • Imagine what happens if China commits to wiping out its share of the US trade deficit – a stronger US dollar, higher US interest rates, and a redistribution of Chinese imports could bring pain to the rest of the world

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China's Vice-Premier Liu He poses for a photo with US Treasury Secretary Steven Mnuchin (right) and US Trade Representative Robert Lighthizer in Beijing on March 28. Ongoing negotiations between the US and China are reportedly nearing their end, with the possibility of Chinese President Xi Jinping signing a trade deal with US President Donald Trump floated for June. Photo: AFP
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