However, with China pushing ahead to double down on its industrial thrust in areas ranging from advanced manufacturing to pharmaceuticals without an immediate and corresponding boost to local demand, leading to over-capacity.
Export-oriented Asean economies are poised to ride on a long-awaited rebound in global goods demand, particularly electronics.
Certain countries such as Vietnam and Malaysia are benefiting, too, from more foreign direct investments as supply chains are reconfigured to skirt around China.
