{"id":32739,"date":"2023-03-13T06:42:21","date_gmt":"2023-03-12T23:42:21","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=32739"},"modified":"2023-03-16T06:56:51","modified_gmt":"2023-03-15T23:56:51","slug":"how-southeast-asia-will-remain-on-the-steady-course-to-recovery","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/how-southeast-asia-will-remain-on-the-steady-course-to-recovery\/","title":{"rendered":"How Southeast Asia will remain on the steady course to recovery"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">China pushes the region\u2019s recovery forward as one of its main trade partners<\/span><\/p>\n<figure id=\"attachment_32740\" aria-describedby=\"caption-attachment-32740\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"wp-image-32740 size-full\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/03\/shutterstock_141266803.jpg\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/03\/shutterstock_141266803.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/03\/shutterstock_141266803-400x267.jpg 400w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/03\/shutterstock_141266803-600x400.jpg 600w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/03\/shutterstock_141266803-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-32740\" class=\"wp-caption-text\">China plays a big part in the recovery of Southeast Asia\u2019s economy. LucianoMor\/Shutterstock<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Southeast Asia is getting back on its feet after the events of 2020 pushed the region to a slowdown. The region is predicted by the International Monetary Fund (IMF) to be the world&#8217;s fastest growing, as discussed by Southeast Asian economic research platform <\/span><a href=\"https:\/\/fulcrum.sg\/southeast-asian-economies-out-of-the-storm-clouds-on-the-horizon\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Fulcrum<\/span><\/a><span style=\"font-weight: 400;\">. It has five of the largest economies that are expanding by 4.3 percent so far in 2023.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, uncertainties in economic growth increased the anti-globalisation sentiment due to the fear of damaging the overall economy\u2019s recovery. The US-led Indo-Pacific Economic Framework for Prosperity (IPEF) is looking for ways to improve the resilience of supply chains, as a way of protecting Southeast Asia\u2019s recovery.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">China also plays a big part in the recovery of Southeast Asia\u2019s economy with the IMF predicting its growth to be 5.2 percent in 2023. Despite the few uncertainties in banking and the property sector\u2019s growth, China will be seeing a growth in economy, especially with its reopening to the rest of the world.\u00a0<\/span><\/p>\n<p><strong><a href=\"https:\/\/www.asiapropertyawards.com\/en\/new-dawn-fades-a-promising-year-for-southeast-asia\/\" target=\"_blank\" rel=\"noopener\">More: New dawn fades: A promising year for Southeast Asia<\/a><br \/>\n<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">According to the <\/span><a href=\"https:\/\/www.ciie.org\/zbh\/en\/news\/exhibition\/focus\/20230222\/36396.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">China International Import Expo<\/span><\/a><span style=\"font-weight: 400;\">, China\u2019s economic recovery would not just help with Southeast Asia\u2019s recovery, but also upgrade the China-ASEAN Free Trade Area (FTA) in a way that would bring even more benefits to the region.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The country would help the most through its trade partnership with Thailand as its most significant trading partner. Thai businesses in the service and tourism sectors will be given opportunities to expand with the projects under China\u2019s Belt and Road Initiative, such as the China-Laos-Thailand railway. They will also be given opportunities through e-commerce and a possible expansion of investments within China.<\/span><\/p>\n<p><em>The Property Report editors wrote this article. For more information, email:\u00a0<a href=\"mailto:propertyreport@propertyguru.com\" target=\"_blank\" rel=\"noreferrer noopener\">propertyreport@propertyguru.com<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>China pushes the region\u2019s recovery forward as one of its main trade partners<\/p>\n","protected":false},"author":12,"featured_media":32740,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[137,1080,464,116,2238],"class_list":["post-32739","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-china","tag-economic-growth","tag-economy","tag-southeast-asia","tag-trade","news_country-asia","news_country-china","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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