Photo: AFPSingapore/ Hong Kong: Just when China’s economy seemed to be stabilizing, Donald Trump’s election as US president poses significant new risks. Trump wants to slap punitive tariffs on Chinese goods and label the world’s number two 2 economy a currency manipulator. None is more vulnerable in Asia than South Korea and the Philippines. His promise to ramp up fiscal spending could cushion the US economy, which is a potential positive for world growth too. “Asian exporters—especially in North Asia—are particularly vulnerable, having long relied on external demand as the main impulse to growth.” Bloomberg

Source: Mint November 10, 2016 07:16 UTC