PH most insulated from China growth correction

Economies in the Association of Southeast Asian Nations (Asean) are vulnerable to a pronounced growth correction in China, but the Philippines may be the most insulated among them from such risk given its diminishing trade and investment in the region’s largest trading partner, Moody’s Investors Service said.

In the latest edition of the global ratings agency’s quarterly “Inside Asean,” Moody’s said the Philippines may even benefit from weakening Chinese demand as lower commodity prices could keep a lid on local inflation.