Marthe M. Hinojales is an economist and Vanne Khut is a researcher at the ASEAN+3 Macroeconomic Research Office.
A major pivot away from the region is unlikely over the medium term

Production line at an electronics manufacturer in Fuyang, China, pictured on Apr. 16: East Asia's abundant labor supply and lower labor costs make it a sweet spot for global value chain investments. © Sipa/AP
Marthe M. Hinojales is an economist and Vanne Khut is a researcher at the ASEAN+3 Macroeconomic Research Office.