Chart of the Day: A sharp RMB depreciation could wreak havoc on Singapore

GDP growth will head south.

Singapore will be one of the most vulnerable countries in Asia if China devalues the yuan by a stronger margin than expected, according to a report by ICAEW.

In a scenarion where the CNY weakens by 10% vs the USD to 7.5 by the third quarter of the year and remains around that level until the end of 2017, ICAEW's model simulation shows that Chinese exports will strengthen due to the resulting boost to competitiveness.

A yuan devaluation will give a the Mainland's GDP a boost, but China’s key competitors in Asia would suffer in consequence as an improvement in China’s relative competitiveness in manufactured goods sectors hurts these countries’ exports in particular.

Singapore will be the hardest hit in this scenario, ICAEW's report shows.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia