Some emerging economies (including China) are rebalancing away from exportorientated manufacturing towards domestically-orientated services sectors. In addition, following an exceptionally strong performance in 2017, the global technology sector has started to cool (Chart 3). [2] Several key Asian economies specialise in tech production, with Asian tech exports accounting for 10 percent of global trade.
These economies are closely linked to one another through integrated supply chains, such that the slowdown in tech production has affected economic activity in a number of countries.