Despite simmering tensions between China and its Southeast Asian neighbors, trade between them has risen significantly in recent years and the financial ties will only deepen, HSBC said.
“Despite the geopolitical complexities, trade and particularly investment between China and Asean [Association of Southeast Asian Nations] have a lot of room to deepen further, given their growing economic importance as global producers of goods, rising domestic demand and efforts to integrate economically through regional trade pacts,” HSBC said in a report this week.
China has been involved in a recent series of spats with Vietnam, Japan and the Philippines over disputed areas of both the South and East China Seas, spurring concerns that the friction could lead to military conflict
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