China's Infrastructure Investment in the ASEAN Region: Approach and Effects

Tai-Chee Wong

《Malaysian Journal of Chinese Studies》 10卷2期 (2021/12) Pp. 69-82

https://doi.org/10.6993/MJCS.202112_10(2).0005

摘要

Since joining the World Trade Organization in 2001, reformist China has sought to expand its global trade and has successfully achieved substantial export surpluses. To sustain its growth, China has revived its historical Belt and Road Initiative since 2013 with large investments overseas, and this was expedited by its ＂surplus production capacity＂ that could be put to good use overseas. This paper focuses on the rationale of China's trade and diplomatic expansion. In the ASEAN region, China's investment has been most characterised by infrastructure development, and as a form of aid. The study examines its approach, and investment categories, using a case study on Myanmar which China has the strongest interest in Southeast Asia as it provides a key strategic access from Yunnan to the Indian Ocean. Difficulties and opportunities are also dealt with and analysed from a few perspectives including one which is geopolitical strategic in substance. Overall, ASEAN has maintained its neutral stand while keeping good relations with the United States, Japan and India.

關鍵字

China ； infrastructure investments ； investment rationale ； ASEAN ； Myanmar