Southeast Asia is reaping the benefits of other people’s trade wars.
At the height of the US-China trade war, many regional states, none more than Vietnam, saw a big boost to inward investment and outward shipments as Washington and Beijing sought to decouple from each other’s supply chains.
Now regional states are also making gains amid an intensifying Australia-China trade spat, prompted by Canberra’s call for an independent, international investigation into the Chinese origins of the Covid-19 pandemic.
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