Kuala Lumpur, 16 October 2026 – China’s merchandise trade surplus approached US$1.2 trillion in 2025 while nearly 30% of its industrial companies were losing money, sharpening concern that excess production is being pushed into overseas markets. The development places ASEAN manufacturers under pressure from lower-priced imports and weaker Chinese household demand.
For Asian businesses and investors, the issue matters because Southeast Asia is tied to China as both a major customer and a formidable supplier. The trade and corporate-loss figures are reported facts; the conclusion that they could produce a wider regional adjustment is analysis, not a confirmed forecast.
Unlock the Full Article
This article is exclusive to The Ledger Asia Subsribers / PAID members.
Already have an account? Log in here

