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Southeast Asian companies alarmed by weaker yuan

Laem Chabang Port in Thailand. Many countries in Southeast Asia are seeing exports to China decline.

BANGKOK -- China's successive devaluation of its currency is shaking up companies in Southeast Asia, spurring concern that an influx of cheap imports may pick up pace. 

     Chinese goods make up 30% of Vietnam's imports, the largest share. The economic standstill in China has led to lower demand for steel products in that country, and the steel is instead being exported to Vietnam and other places at low prices, said Tran Dinh Long, chairman of steelmaker Hoa Phat Group.

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