2 weeks Ago By The Straits Times
The Economist The most visible investments in South-east Asia in recent years have come from China, not the US. America wants South-east Asians to know that it is the region’s best friend. In summits, white papers, speeches and private asides since coming into office in 2021, officials of the Biden administration have told them that America, not China, is the top source of foreign direct investment into the region.
It is Uncle Sam who is going to make them rich. Its audience could be forgiven for feeling gaslit. The most visible investments in these countries in recent years have come from China, not America.
It is China that is building new high-speed trains, ports and public buildings, in a bid to win favour in the region. So why the empty boast? Already a subscriber? Log in Get exclusive reports and insights with more than 500 subscriber-only articles every month $9.90 $9.
90/month No contract ST app access on 1 mobile device Subscribe now All subscriber-only content on ST app and straitstimes.com Easy access any time via ST app on 1 mobile device E-paper with 2-week archive so you won't miss out on content that matters to you Join ST's Telegram channel and get the latest breaking news delivered to you. Read 3 articles and stand to win rewards Spin the wheel now.
