Which Countries Have the Most Economic Influence in Southeast Asia?

@Sakura please summarize this article, thanks uwu.

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Reading https://www.visualcapitalist.com/which-countries-have-the-most-economic-influence-in-southeast-asia/

TLDR

This article examines the economic influence of various countries in Southeast Asia, based on a 2024 survey conducted by the ASEAN Studies Centre.

Key Points

  • :cn: China is seen as the most economically influential country in Southeast Asia, with high shares of respondents in Laos (78%), Thailand (71%), and Malaysia (67%) picking China.
  • Other countries like the :earth_asia: ASEAN bloc, :us: U.S., and :jp: Japan also have significant economic influence in the region.
  • There are concerns about China’s growing economic power, especially in :vietnam: Vietnam (88%), :myanmar: Myanmar (88%), and :thailand: Thailand (80%).

In-depth Summary

The article presents the results of a 2024 survey conducted by the ASEAN Studies Centre, which asked nearly 2,000 respondents from 10 ASEAN countries to select the country/region they believe has the most influential economic power in Southeast Asia.

Across all ASEAN nations, China is regarded as the region’s most influential economic power. Laos and Thailand had the highest share of respondents picking China, at 78% and 71% respectively. This aligns with China’s position as Laos’ largest foreign investor and top export market.

Other ASEAN countries and the U.S. also scored highly in the survey, though the Philippines was the only country where China (31%), the U.S. (28%), and ASEAN (26%) were perceived as having a similar amount of influence. Filipinos also rated Japan’s economic influence the highest (9%) compared to other ASEAN countries.

The report also highlighted concerns about China’s growing economic impact in the region. Respondents from Vietnam (88%), Myanmar (88%), and Thailand (80%) had the highest levels of concern, despite their countries’ strong trade ties with China.

ELI5

The article shows that most people in Southeast Asia think China has the biggest economic power in the region. Countries like Laos and Thailand see China as the most influential. Other groups like the ASEAN countries and the US also have a lot of economic influence, but China is seen as the biggest player. Some countries are worried about China’s growing economic power, even though they do a lot of business with China.

Writer’s Main Point

The main point of the article is to present the results of a survey that examined which countries are seen as having the most economic influence in Southeast Asia. The data shows that China is widely regarded as the region’s most influential economic power, though other countries and groups also have significant influence.

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