Singapore companies look to Asean to pick up slack from trade war: HSBC

Singapore

THE United States-China trade conflict has dominated discourse for a year now, but Singapore businesses are not letting it get in the way of their future plans, even as the global growth outlook appears increasingly gloomy.

A survey by HSBC found that even though the trade war is still a concern, local companies are now looking to intra-Asean business activity to cushion themselves from the effects, with the majority expecting to grow in the next one to two years.