mo4ch:>US-China trade war could create winners in Southeast Asia – report | Mo4ch News

The trade war between Washington and Beijing is pushing many global companies to rethink their supply chains. As a result, a bloc of Southeast Asian countries stands to benefit tremendously, according to consulting firm Bain & Co.In the short term, there will be an adverse effect on the region as an exporting base for the world and for the US in particular, said Satish Shankar, Bain & Co’s managing partner for Southeast Asia.“Certain intermediate exports that go into China, and then onto the US, are going to be impacted in industries such as textiles and electronics,” Shankar told CNBC. “However, in the long term, we feel pretty confident that ASEAN [The Association of Southeast Asian Nations] is a very attractive alternative supply chain base for companies looking to diversify away from China,” he added.Also on rt.comRussia and Singapore ink $1bn worth of investment deals at ASEAN SummitASEAN is made up of 10 countries in the region including Singapore, Thailand and Vietnam.B…