As China’s economy cools and its working-age population declines, businesses are likely to look for new sectors and new geographies.
Singapore banks, having established themselves in markets within Asean and China in years past, are now in a good position to help companies and clients break new grounds and conquer new markets, thanks to shifting trade alliances and friend-shoring
Asean is taking on a whole new meaning in the age of geopolitical tensions. During the pandemic, companies were forced to reroute their supply chains. Since then, geopolitical tensions between the US and China have led companies to invest in new supply chains with “friend-shoring” becoming the new norm.
