East Asia Update
East Asia Update - Special 2017 Annual Edition
By Lili Yan Ing and Jaysa Rafi Prana
Posted: January 2017
- Southeast Asia expected to grow by 4.6 percent in 2017
- China: Trade and Political Dynamic 2017
Despite the global volatility and the slowdown in trade, Southeast Asia is expected to grow by 4.6 percent in 2017, which is among the highest growth rates in the world. Asia as a whole is expected to see slower growth of 4 percent in 2017 and 3.5 percent in 2018 as the Chinese economy, which contributes about 45 percent of Asia's GDP, is expected to grow much more slowly, at 6.2 percent in 2017 and 4.2 percent in 2018.
With the 19th National Congress of the Communist Party of China to be held in the autumn of 2017, speculation has been rife as five out of the seven main figures in China's Politburo Standing Committee of the Communist Party of China will be retiring next year, leaving only Mr. Xi Jinping, the President, and Mr. Li Keqiang, the Prime Minister, in the Committee. On the trade side, China will be amongst the countries most affected by President-elect Trump's America-First Policy (alongside Canada, Mexico, Japan, and Korea).
Download the Special 2017 Annual Edition update.