For months, as the trade war between the US and China escalated, other export-reliant Asia-Pacific economies watched and worried about a knock-on effect on their sales.
In recent days that contagion has become real, as China’s growth slowdown hit home around the region. Asian companies, economists and governments have begun to raise the alarm about the risk of lower Chinese demand for everything from Australian iron ore to South Korean cars and Thai beach vacations.
While some executives say they have yet to see signs of a slowdown, others are beginning to reflect a softening in their results.
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