Some Countries Will Benefit From China-U.S. Trade War, Analysts Say
(Bloomberg) — Asia, at the broad level, will lose from the U.S.-China trade war, but a few countries will emerge as relative winners.
Nomura Holdings Inc. found that a push by companies in the U.S. and China for import substitution toward the rest of Asia will benefit Malaysia in particular, followed by Japan, Pakistan, Thailand and the Philippines, based on its analysis of specific products on the list of tariffs.
At the same time, Vietnam is the clear winner from companies switching production from China, followed by Malaysia, Singapore and India.
“As the saying goes, ‘when two quarrel, the third rejoices’,” analysts including Rob Subbaraman and Trevor Kalcic wrote in a note on Tuesday.
Of the 13 countries in its analysis, Bangladesh, India and South Korea are the least likely to gain from import substitution. Pakistan benefits least from the diversion of production and foreign direct investment.
“The biggest benefit to Malaysia is likely to come from electronic integrated circuits, liquefied natural gas and communication apparatus,” according to Nomura.
There is usually one leading product for others; such as vehicles with only spark-ignition internal combustion reciprocating piston engines in Japan, cotton yarn in Pakistan, units of automatic data processing in Thailand, and electronic integrated circuits in the Philippines, it said.
Contact editor Yang Ge (firstname.lastname@example.org)
May 28 16:02
May 28 12:52
May 28 09:10
May 27 16:43
May 27 13:27
May 27 12:54
May 26 17:38
May 26 17:03
May 26 12:26
May 26 10:44
May 26 03:26
May 25 17:58
May 25 16:46
May 25 12:39
May 23 06:20
- 1China’s ‘Bat Woman’ Warns Coronavirus Is ‘Just Tip of the Iceberg’
- 2Update: Mass Testing in Wuhan Uncovers Over 200 Asymptomatic Covid-19 Cases
- 3Flying to China Still a Challenge as Authorities Extend Restrictions
- 4New Huawei Sanctions by U.S. Are Less Than Meet the Eye, Lawyers Say
- 5Update: China Scraps GDP Growth Target, Boosts Budget Deficit Amid Coronavirus Pandemic
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas