Reforms urged to keep Asean connected and competitive
Shrinking foreign direct investment poses “a fundamental threat” to the ASEAN economy, especially as India is on the rise as a rival to the South-east Asian bloc. This dire scenario was put forward by HSBC analysts, who noted that the previous trend of investment diversion from China to ASEAN has slowed in 2020 amid global uncertainties.
https://www.businesstimes.com.sg/asean-business/reforms-urged-to-keep-asean-connected-and-competitive