China now rivals Europe, US as growth engine for Asian exports

Hong Kong

CHINA is now an equal or even bigger driver of export growth in neighbouring economies than the United States and European Union combined, marking a significant shift in the economic pecking order since the 2008 global financial crisis.

That's according to research by Deutsche Bank AG economists who weighed up the influence of the US and China over the rest of Asia through the prism of export growth, as well as the currency and bond markets.

In Taiwan and Indonesia, for example, the growth of China's gross domestic product dominates the US and EU's as a source of export demand. In other econo…