Latest news with #SecondChinaShock
Straits Times
10 hours ago
- Business
- Straits Times
Beijing and Asean need to discuss ‘Second China Shock'
China's latest manufacturing surge, which some have begun to call the Second China Shock, may sound ominous as a label but is actually a tip of the hat to the mainland. PHOTO: AFP More than two decades ago, when China initiated the Early Harvest Programme with Asean to give South-east Asian countries more confidence to endorse the Asean-China Free Trade Area, then Chinese Premier Zhu Rongji told leaders from this region that a decade hence, if they found the free trade deal was not working for them, they could come back and discuss their concerns with the Chinese leadership. Given the flood of Chinese exports that's threatening to deindustrialise South-east Asia's auto, textiles, leather – and a host of other sectors vital to employment and social stability – the moment to redeem Mr Zhu's promise has come. Join ST's Telegram channel and get the latest breaking news delivered to you.
Straits Times
13-06-2025
- Business
- Straits Times
Asian Insider Podcast: 'Second China Shock? You ain't seen nothing yet' says top economist
A conversation with the eminent private sector economist and strategic affairs expert Manu Bhaskaran. Second China shock: Top economist on South-east Asia and the Chinese goods crisis South-east Asia is reeling from a flood of Chinese-manufactured goods that threaten the region's industry, from cars to even batik shirts. Some call this phenomenon the 'Second China Shock.' Synopsis: The Straits Times' senior columnist Ravi Velloor distils 40 years of experience covering the Asian continent, with expert guests. In this episode, Ravi speaks with Manu Bhaskaran, the eminent Singapore economist and expert on regional politics and geopolitics. Mr Bhaskaran is a partner and board member of Centennial Group, a Washington DC-based policy advisory, and Adjunct Fellow at the Institute of Policy Studies. Economist Manu Bhaskaran (left) chats with Asian Insider host Ravi Velloor (right) about South-east Asia's woes amid a flood of cheap China exports. ST PHOTO: KUA CHEE SIONG Highlights (click/tap above): 1:00 What the 'Second China Shock' is about 5:30 'Fitness centre' of global manufacturing 7:05 Countries, industries most affected 10:00 How can Asean respond? 12:30 A protectionist wave ahead 15:00 Why Asean has a lot going for it Host: Ravi Velloor (velloor@ Read Ravi's columns: Follow Ravi on X: Register for Asian Insider newsletter: Produced and edited by: Fa'izah Sani Executive producer: Ernest Luis Follow Asian Insider Podcast on Fridays here: Channel: Apple Podcasts: Spotify: Feedback to: podcast@ --- Follow more ST podcast channels: All-in-one ST Podcasts channel: ST Podcasts website: ST Podcasts YouTube: --- Get The Straits Times app, which has a dedicated podcast player section: The App Store: Google Play: Join ST's Telegram channel and get the latest breaking news delivered to you.
