EU Investors Spooked by Rout Seek ‘Asia Beyond China’ in Asean
ByEuropean investors are paying renewed attention to Southeast Asia as the Greek crisis and China’s stock market rout encourage companies to look for cheaper and more stable markets, said Michael Pulch, the European Union’s ambassador to Singapore.
“There’s now a moment where companies realize there’s Asia beyond China,” Pulch said in an interview on Thursday.
The EU is the largest investor in Southeast Asia and the region’s biggest trading partner after China, according to the European Commission’s annual trade and investment publication released last week. Trade flows will increase further under a free-trade agreement that the EU expects to sign with the 10-member Association of Southeast Asian Nations in the “medium term,” Pulch said…
EU Investors Spooked by Rout Seek ‘Asia Beyond China’ in Asean
