Source:
https://scmp.com/business/markets/article/2025945/us-bright-spot-southeast-asia-its-exports-china-drop
Business/ Markets

US is bright spot for Southeast Asia as its exports to China drop

After years of looking to China as a source of growth, Southeast Asian countries are turning their attention back to the world’s largest economy on the other side of the Pacific Ocean.

Exports to the US from all but one of the six largest economies in the Association of Southeast Asian Nations increased in the first quarter from a year earlier, according to the most recent data from the International Monetary Fund. Shipments to China declined in four of the countries in the same period.