ICT, auto sectors to gain most from China-US trade war: economist

The information and communications technology (ICT) and automotive sectors in Malaysia will gain the most from the ongoing trade war between China and the United States, says an economist.

KUALA LUMPUR Jan 28 (Bernama) -- The information and communications technology (ICT) and automotive sectors in Malaysia will gain the most from the ongoing trade war between China and the United States, says an economist.

The Economist Corporate Network associate director Pamela Qiu said a lot of big and multinational companies (MNCs) are currently thinking about how to de-risk themselves from China, moving their manufacturing bases or supply chain outside of China.

"From our survey, ASEAN is the huge beneficiary from this and because Malaysia has a long history of making cars and experience in electronic engineering compared to other ASEAN countries, you are well placed to absorb any investment coming out of China," she told reporters here today.

Source: Bernama