China's Economic Status in Asia?

China's economic position occupies a major position in Asia.

China's influence is best demonstrated in Asia. Economically speaking, China's gross domestic product (GDP) is about half of the total GDP of Asian countries (excluding Japan). For many countries, China is now their largest trading partner and an increasingly important source of direct investment.

China's middle class has a strong willingness to spend, and they have helped Thailand and South Korea revive tourism and retail.

In addition, with the opening of China's capital account and the liberalization of RMB exchange rate, the links between financial markets have been strengthened.

But at the same time, it also makes Asia vulnerable to the slowdown of China's economic growth. China's strong growth began to slow down, leading to a slowdown in demand, which is the main factor for the weak exports of many Asian countries in recent years.

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First of all, China's economic rebalancing is very important. If an orderly economic transformation is achieved, coupled with successful reforms, the final result will be beneficial to China, Asia and the world.

Second, the spillover effect of China in trade and financial markets may spread the influence of Trump's protectionist policies, even though these policies are aimed at China.

Finally, as the asset price correlation between China and other parts of Asia becomes stronger and stronger, the dominant position of the United States in this region will gradually give way to a dual influence-both the United States and China will play an appropriate role. For global investors, this means that it will become more and more difficult to avoid China, and it will become more necessary to know China.

Phoenix. Com-Expert: China's economic influence in Asia is increasing, and the United States is losing its dominant position.