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Article: CHINA'S GROWING APPETITE FOR ASIAN GOODS.(rise in goods and services exported from Southeast Asia to China)
- Article from:
- Market Asia Pacific
- Article date:
- December 1, 2002
CopyrightCOPYRIGHT 2002 Media Contact Resources, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Increased Chinese demand for goods and services from Southeast Asia could not have come at a better time. With sales to the US depressed and internal demand only beginning to recover, China's importance as an export market for Southeast Asian goods is quickly rising.
Over the past few years, the ranks of China's middle class have steadily grown to reach the current level of about 100 million. Their strong appetite for imported products has led to double-digit growth in orders for Southeast Asian consumer goods. The biggest beneficiaries of that trend are Korea, Malaysia, Taiwan, and Thailand. Taiwan's sales to China rose more than 80% year-on-year during the ...