More capital flows into Asean amid pandemic and US-China tensions

Singapore

THE Asean region is set to see more capital inflows as companies look to diversify their investments and supply chains amid US-China tensions in a post-pandemic world, a group of panellists said on the first day of the FutureChina Global Forum on Tuesday.

One leading indicator of the supply chain shift lies in China's machinery exports to Asean countries as the region ramps up its production capacity, said Tommy Xie, head of Greater China research at OCBC and one of the panellists at a roundtable discussion focused on China-Asean partnership.