
In the turn of the 21st century, Asia faced a lot of hot growth. With the disappointing slow down in the Chinese economy at the beginning of the year, which caused their stock prices to plummet, the slowdown of the growth may have affected more than just China. The Economist reports that the slowdown is seen across Asia and perhaps the high growth that is reducing will be a continuing trend. However, like the article’s name “Okay, for now,” it reasons that there are still healthy economies that are pushing along the expected Asian high growth with emphasis on Vietnam and Philippines. The 6.7% growth in Vietnam last year was accounted mostly for the competitive exports. In contrasts, countries like Indonesia and Malaysia are expected to slow down along with China due to the dependency on the Chinese market in their exports. Weak government is also to blame in terms of reduction of the current economy. As we are going to be in Vietnam and Indonesia, make a note to see if you can tell by talking to the local business owners whether or not they have seen proof of the slow down in the beginning of this year’s exports/imports.