Trade heads roundtable: Asia’s role in global trade recovery

Events / 16-11-21 / Share Link

The narrative for global economic recovery has been set, with the East – led by China – seen as dominating the rebound
in goods trade, fuelled by a swifter and more decisive response to the pandemic free from the choking impact of lockdown
restrictions seen elsewhere. This narrative is however being challenged, as we begin to see signs that economic activity in
China may be plateauing and with the resurgence of Covid restrictions in other parts of Asia (SEA in particular, whilst US and European economies continue to open up) seeing disruption to supply chains.

This special Asia Trade Leaders Roundtable delved deeper into a complex situation, experts considered a range of factors from
the impact of increased labour and shipping costs on China’s role as ‘factory of the world’, geopolitical factors such as tariffs
and the threat of sanctions to ongoing trends for reshoring and diversification of supply chain risks.