In the construction of "One Belt And One Road" in southeast Asia, the infrastructure construction plays a leading role and attracts many Chinese enterprises. The experts said that strengthening cooperation in infrastructure will effectively meet their respective economic development needs and create a win-win situation for China and southeast Asian countries.
The lack of infrastructure in south-east Asian countries, which have cheap Labour, has become a huge barrier to attracting investment. According to a report released by the Asian development bank, more than 50 percent of the capital needs for infrastructure construction in the asia-pacific region come from southeast Asia. Indonesia's capital, Jakarta, lost more than $3 billion a year just because of traffic delays.
The Chinese academy of social sciences institute of finance and international trade and investment, director feng lei said that south-east Asian countries have emerged in different degree infrastructure construction can't keep up with the condition of the investment growth speed, especially after the establishment of the asean economic community, southeast Asian countries relatively backward infrastructure will not be able to meet the growing market demand. The One Belt And One Road initiative presents an opportunity to reverse this trend. With abundant capital, advanced technology and geographical advantages, China has become an important partner of southeast Asian countries in infrastructure. Speaking at a seminar held in July, Thailand's railway bureau chief said that Thailand chose to build a railway with China to focus on China's rich experience in high-speed rail. "China has one of the highest high-speed rail lines in the world, with low cost and high safety, which other countries can't match."
2017-08-2415:48:27 source: international business newspaper