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    Asia's 'big six' who will be in big trouble if China pulls the yuan trigger

    by Bhavan Jaipragas Aug 05, 2018 1 minute

    OECD data shows Malaysia, Singapore, Philippines, Thailand, Vietnam and Indonesia - Southeast Asia's 'big six' economies - are among the most exposed economies to China in terms of trade.

    Malaysian Prime Minister Mahathir Mohamad shakes hands with US Secretary of State Mike Pompeo. Photo: AFP

    PHILIPPINES: Ratings agency Moody's on Friday said the Philippines was "not as exposed" as its neighbours to the trade war, and was likely to maintain economic growth driven by domestic demand. Still Harry Roque, spokesman for President Rodrigo Duterte, has said the trade and finance ministries were undertaking "thorough" studies "identifying where we are vulnerable given the kind of export products we have". Malaysia's RHB Bank has estimated that 16.9 per cent of Philippine shipments abroad are from China's exports.

    Singapore Prime Minister Lee Hsien Loong, left, Thai Foreign Minister Don Pramudwinai, centre, and Brunei Second Minister of Foreign Affairs and Trade Erywan bin Pehin Yusof. Photo: EPA

    Chan Chun Sing. Photo: AFP

    SOURCES: UNCTAD, OECD, BLOOMBERG

    This article originally appeared on the South China Morning Post (SCMP).

    Copyright (c) 2018. South China Morning Post Publishers Ltd. All rights reserved.

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