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Rising China and new tech to drive biggest change in Asean: Maybank Kim Eng

PC Lee Published on Tue, Mar 27, 2018 / 2:54 PM GMT+8

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SINGAPORE (Mar 27): The rise of China and new technology are expected to be the two key forces driving the biggest change in Asean in the next decade, says Maybank Kim Eng at its Invest Asean conference on Tuesday.

Between 2006 and 2016, China’s outward investment into Asean has risen at a CAGR of 45%, from US$1.8 billion to US$71.6 billion, making it the third largest FDI contributor to Asean.

Trade between Asean and China has also increased by 16% from 2016 to 2017.

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Rising China and new tech to drive biggest change in Asean: Maybank Kim Eng