For Southeast Asian countries, China has become the core of the economic partners
Posted on | September 15, 2010 | No Comments
For Southeast Asian countries, China has become the core of the economic partners. However, South Korea and other countries concerned that the friction Sino-US relations will affect the national economy. South Korean media reported from the United States and China account for a proportion of the world economy, the economic friction between the two countries will certainly be a huge impact around the world.
In any case, China’s rapid growth have shown it with the United States and Europe in the form of natural resources and market competition.
UBS economist Wang Tao said, “This is only the beginning.” China remains a developing country, it also has great room for development. China to Russia, India, Australia and Latin America, commodity prices have a significant impact.
Peterson Institute for International Economics economist Nicholas R ยท Radi said, “This fact is very important, it once again proved in the past decade has happened: the Japanese economy in the face of the Chinese economy overshadowed.”