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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Karen Yeung

Karen Yeung

Karen Yeung joined the Post in 2017 after more than 15 years' experience on global newswires in Hong Kong and Shanghai. She spent eight years in Shanghai and has received awards for best feature, analysis and agenda-setting.