Southeast Asian economies have stepped in to fill the gap that resulted from China’s decreased footwear exports to the US since the trade war started. Photo: AFP

Indonesia benefiting as China’s shoemakers shift production as US trade war worsens, central bank official says

  • Bank Indonesia deputy governor Dody Budi Waluyo sees positives as footwear exports to the United States have grown 6.7 per cent at the start of 2019
  • But Southeast Asian nation is also tipped to join other regional markets in cutting interest rates to counter slowing global growth
Topic |   China economy

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Southeast Asian economies have stepped in to fill the gap that resulted from China’s decreased footwear exports to the US since the trade war started. Photo: AFP
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