China's Ties with Southeast Asia: From Green Shoots to Sustained Recovery

Kensuke Tanaka
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Kensuke Tanaka: Kensuke Tanaka Economist/Project Manager OECD Development Centre, Asia and Pacific Desk

No PB-2011-02, Working Papers from Economic Research Institute for ASEAN and East Asia (ERIA)

Abstract: China's rebound happened relatively quickly owing to a large extent to timely macroeconomic policy responses to the crisis. Lagging somewhat behind China, most Southeast Asian countries have now entered the transition from recession to recovery. Some export-dependent Southeast Asian countries shifted their export destination to China to benefit from its early recovery. This switch of export destination to China illustrates China's important role in leading the recovery of the region. Enhancing regional macroeconomic co-operation would help reduce vulnerability of the region and ensure a sustained recovery. Regional macroeconomic co-operation remains at an early stage in Southeast Asia, but possibilities for further co-operation should be explored.

Pages: 8 pages.
Date: 2011-01-01
New Economics Papers: this item is included in nep-sea
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Citations: View citations in EconPapers (1)

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