China’s Economic Boom Means Problems, Opportunities for Southeast Asia

“The economic boom in China is causing concern in the export-oriented economies of Southeast Asia. However, China is taking diplomatic steps to make its expanding economic might less threatening.

For decades, Southeast Asian governments worried about only one Chinese export: communist ideology. They blamed China for fostering violent revolutionary parties around the region in the 1960s and ’70s.

Now, leaders in Southeast Asia fear China’s latest exports – billions of dollars worth of consumer goods ranging from simple plastic toys, to sleek household appliances. ”

Read the full report on VOANEWS.COM here.

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