The Association of Southeast Asian Nations, also known as ASEAN, orbits the world’s second-largest economy – China. The bloc is aimed at helping to promote economic growth in participating countries such as Indonesia, Malaysia, the Philippines and Singapore. Using the Core-Perimeter model, China functions as the economic powerhouse (core) which ASEAN states strongly rely on as a source of their growth (perimeter).
THE RELATIONSHIP BETWEEN CHINA AND ASEAN (SGD, IDR, MYR, PHP)
On average in 2018, China accounted for one third of total trade in ASEAN nations, when looking at their top five trading partners. China’s economy has been maturing and gradually shifting away from exportsand towards consumption as the primary source of economic growth. This makes the East Asian giant relativelyless sensitive to external shocks than its ASEAN neighbors. Read more…..
Chart of the Day
What it takes to be a successful active investor. Hint, it’s much harder than you think. Contrast active and passive equity investing. Risk/rewards. Conclusion—Investors who do not have the following traits and emotional quality should index their portfolios. I find they are the majority of investors today. Also discussion of points of failure for passive and active investors.