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Chinese turns its attention to Asean as supply chains move

Chinese turns its attention to Asean as supply chains move

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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.