As China exports fewer processed plastics products to America in response to the slipping U.S. economy, Thailand is seeing a slowdown in resin demand from China.

Bangkok-based KASIKORN Research Center pointed out that Thailand's exports to China only grew 1.4 percent in August, and many product categories are even shrinking, the China News Agency reported.

Thailand said that China is importing less chemical products, circuits and refined oil, all important feedstocks for Chinese industries. Resin export also has lost momentum.

KASIKORN noted that China is vital for the regional growth in Asia. China is Thailand's third largest export market, after Japan and the U.S.

It seems to me that, compared to during a global boom, people actually get a stronger message during worldwide downturns on how countries and regional markets are closely interwoven in a globalized economy.