What Happened
Southeast Asia Emerges as Trade Powerhouse Amid China Plus One Diversification
Despite forecasts of a slowdown, China’s trade growth has remained strong, with exports diversifying towards electric vehicles and technology-oriented products, according to professor Steven Altman, director of the DHL Initiative on Globalization at New York University’s Stern School of Business. Meanwhile, Southeast Asia has emerged as a trade powerhouse, driven by growing economies and supply chains, as reported by Air Cargo News.