BEIJING, Aug 26 (Bernama-BUSINESS WIRE) — According to report from the Maybank, China’s investment in Southeast Asia has been showing good momentum. In the first half of 2019, China’s investment in Southeast Asia reached USD 11 billion, almost doubling year-on-year. Against the headwind of US trade protectionism, the economic relationship between China and Southeast Asia is still uniquely well, which fully proves the feasibility of the Belt and Road Initiative.
The new round of scientific and technological revolution is an important background for China’s rapid investment in Southeast Asia. According to statistics, China’s investment in Southeast Asia’s science and technology sector reached USD2.5 billion in the first half of the year, more than the total in 2017. The global commercialization of 5G communications is a major factor driving the outbreak of technology investment in the region. With the active assistance of China, Southeast Asian countries are catching up on the fast lane of 5G communication, and have built and transformed a large number of communication infrastructures, laying a solid foundation for the industrial revolution brought about by 5G.
