Supply-chain disruptions are causing some turmoil in the minds of Asian investors. But while COVID-19 restrictions in China highlighted the problems with supply-chain concentration and drove many businesses to diversify to other Asian countries, we believe the impact should be short-lived. As China eases its zero-COVID policy, it should see more foreign direct investment (FDI) inflows. Still, Asia ex-China stands to benefit from supply-chain diversification efforts, particularly in select labor-intensive manufacturing sectors. Below are four reasons emerging markets debt investors may want to look at Asia.