ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

ASEAN caught in 'economic cold war' over China: business lobby head

Indonesian executive urges nimbler Japan Inc. to match other foreign investors

Arsjad Rasjid, chairman of the ASEAN Business Advisory Council, says an "economic cold war" has forced Southeast Asian companies to create "China and non-China" portfolios. (Photo by Yuki Kohara) 

TOKYO -- Southeast Asia is grudgingly open to helping European, U.S. and Japanese industries lessen their dependence on China, but needs to see more aggressive investment from them to do so, the head of a regional business lobby told Nikkei Asia.

Arsjad Rasjid, chairman of the ASEAN Business Advisory Council (ASEAN-BAC), lamented that companies in the 10-member Association of Southeast Asian Nations are being thrust into what he described as an "economic cold war" that has forced them to create "China and non-China" portfolios for their products.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more