Asia should promote domestic demand and lessen its reliance on electronic exports

Published: May 9, 2018, 12:26 a.m.

b'The bulk of Asia\\u2019s exports runs through, rather than to, the People\\u2019s Republic of China, leaving the region more exposed to downturns and anti-trade sentiments in developed countries than to a domestic slowdown in China.\\n\\nGovernments should promote domestic growth and trade within Asia to lessen that exposure, economists argue in a new book by the Asian Development Bank Institute, Slowdown in the People\\u2019s Republic of China, Structural Factors and the Implications for Asia.\\n\\nPeter Morgan, co-chair of the research department at ADBI and one of the editors of the book, explains the conclusions of a paper by Willem Thorbecke of Japan\\u2019s Research Institute of Economy, Trade and Industry.\\n\\nRead the transcript\\nhttps://bit.ly/2KO2jD0\\n\\nRead the book\\nhttps://www.adb.org/publications/slowdown-prc-structural-factors-and-implications-asia\\n\\nAbout the author \\nWillem Thorbecke is a senior fellow at Japan\\u2019s Research Institute of Economy, Trade and Industry.\\n\\nAbout the book editors\\nPeter Morgan is co-chair of the Research Department at the Asian Development Bank Institute\\nJustin Yi-fu Lin is director of the Center for New Structural Economics, Peking University, China.\\nGuanghua Wan is director of the Institute of World Economy, Fudan University, China.\\n\\nKnow more about ADBI\\u2019s work on PRC\\nhttps://bit.ly/2vVC0Yi\\nhttps://bit.ly/2vQ3fDf'