{
    "success": true,
    "data": {
        "id": 1661405,
        "msgid": "china-becomes-main-supply-hub-in-asean-3-production-network-1775606632",
        "date": "2026-04-07 17:15:10",
        "title": "China Becomes Main Supply Hub in ASEAN+3 Production Network",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Trade",
        "summary": "According to the ASEAN+3 Macroeconomic Research Office (AMRO), China has emerged as the central pillar of the region's production network over the past two decades, shifting from a Japan-centred model to a more interconnected architecture supported by China's manufacturing capacity, logistics infrastructure, and role in intermediate goods trade. The report highlights the bidirectional interdependence in supply and demand dynamics within ASEAN+3, where the bloc collectively surpasses the US as a source of global final demand, bolstered by rising intra-regional foreign direct investment (FDI). To enhance supply chain resilience, AMRO's Chief Economist He Dong emphasised the need for economies to boost domestic value-added content, enabling local firms in ASEAN to capture greater spillovers from FDI and better withstand external shocks.",
        "content": "<p>Singapore (ANTARA) - China has become the primary hub in the\nproduction network of the ASEAN+3 region, comprising ASEAN member\ncountries plus China, Japan, and South Korea, according to a statement\nfrom the ASEAN+3 Macroeconomic Research Office (AMRO), based in\nSingapore, on Monday (6\/4).<\/p>\n<p>In its report titled \u201cASEAN+3 Regional Economic Outlook 2026\u201d, the\nresearch institution noted that a fundamental structural shift has\noccurred over the past two decades, supporting the region\u2019s\nresilience.<\/p>\n<p>\u201cOn the supply side, the regional production network has evolved from\nbeing centred on Japan to a denser and more interconnected architecture\nwith China as its pillar,\u201d the report explained.<\/p>\n<p>This is supported by manufacturing capacity, logistics\ninfrastructure, and China\u2019s continuously growing central position in the\ntrade of intermediate goods, the report added.<\/p>\n<p>\u201cThese supply relationships reflect positions of mutual\ninterdependence, rather than one-way dependency,\u201d the report stated.<\/p>\n<p>On the demand side, ASEAN+3 has also emerged as a primary source of\nglobal final demand, collectively larger than the United States (US),\nwith intra-regional demand now far more significant than two decades\nago.<\/p>\n<p>These relationships are also bidirectional: within ASEAN+3, China is\nthe dominant demand centre, while other economies serve as the primary\nsources of final demand for China\u2019s exports, the report explained.<\/p>\n<p>At the same time, foreign direct investment (FDI) also strengthens\nthese ties, with rising intra-regional FDI complementing trade and\nproduction relationships, the report continued.<\/p>\n<p>In a press conference on Monday, AMRO\u2019s Chief Economist He Dong told\nreporters that for supply chains to be resilient, it is important for\nthe involved economies to increase domestic value-added content, meaning\ngreater positive spillovers from FDI into the domestic economy.<\/p>\n<p>Companies in ASEAN can benefit by enhancing local capacity.<\/p>\n<p>By increasing domestic value added, regional companies gain more\nopportunities and supply chains become more resilient to external\nshocks, He said.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/china-becomes-main-supply-hub-in-asean-3-production-network-1775606632",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}