✉news BusinessEconomy first seen 5 h ago, last 4 h ago, peak #31
Asean firms see opportunity and risk in China's Pinglu Canal
Original: Asean firms hope Pinglu Canal will open China market, but fear flood of imports
Asean businesses are watching the Pinglu Canal project in southern China, which will link inland regions to the sea and shorten shipping routes to Southeast Asia. Firms hope the new waterway will open up the Chinese market to their exports, but many also worry it could make it easier for cheap Chinese imports to flood their home markets, hurting local industries.
Why now: The canal is expected to reshape trade flows between China and Southeast Asia, raising both export hopes and import fears among Asean businesses.
Pinglu CanalAseanChinaSouth China Morning Post
Evidence
- Asean firms hope Pinglu Canal will open China market, but fear flood of imports · South China Morning Post
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