China, SE Asia ties unravel amid virus crisis

Coronavirus-hit SE Asia may not be as open as previously to Chinese aid, investment and tourism .

When China sneezes, the old saw goes, Southeast Asia catches cold.

Two months since the coronavirus, or Covid-19, epidemic started its lethal spread from China, the full contagion effect on neighboring Southeast Asia’s now swooning economies is still uncertain as global panic transmits to Europe and the US.

The early prognosis, however, is not good. Last month, equity markets in Thailand, Indonesia and the Philippines fell to among the ten worst performers worldwide as investors dumped the region’s shares as proxies for China’s infectious slowdown.

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