News Snippets

Chinese turns its attention to Asean as supply chains move

China has ramped up its investments in Southeast Asia, even as its trade war with the US wears on and spurs a supply chain move into Asean.

Investments and construction contracts in the region recovered from a low base to hit US$11.1bn in the first six months of 2019 – nearly twice the sum pledged in the second half of 2018.

The latest ramp-up in Asean-based project funding came against a backdrop of slowing Chinese investment in other economies, according to a recent Citi report.

 

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