China a key player for markets
Emerging markets in Southeast Asia should continue to perform well this year despite economic headwinds, says renowned fund manager Mark Mobius.
Mr Mobius, founder of Mobius Capital Partners, said having China as a major trade partner has contributed to the growth of Southeast Asian markets in recent years.
According to data from ASEANstats, mainland China’s total trade value with Asean countries accounted for only 5% in 2004.
The trade posted continuous growth to reach 20% of the total in 2020, outpacing other major trade partners such as the US, the EU and Japan.
The Asean country with the…
