China Has Invested Almost All Southeast Asian Countries Such As Kampuchea, Laos And Burma.
China's investment is changing its Southeast Asian neighbors at an unprecedented rate. At the same time, Kampuchea, Laos and Burma will also develop into China's larger export destinations.
Edward, an economist from Standard Chartered Bank in Singapore, said: "China regards these countries as a region selling products and obtaining good investment returns.
Moreover, for Chinese enterprises, domestic production costs are increasing, so this investment trend is further enhanced.
From rail to real estate, China has invested almost all Southeast Asian countries such as Kampuchea, Laos and Burma.
Reported that
China
Increasing investment in Southeast Asian countries and driving the rapid economic growth of these countries, Chinese enterprises can also find low-cost replacement to turn production capacity out of the country.
Trump, the new US president, will be committed to domestic affairs and the promise to reduce the region will become more obvious. In this context, China's increased investment in Southeast Asia will help China and the countries in the region to adapt to this new situation.
Laos, a landlocked country, launched the construction of the Sino old railway last year, with a total length of 414 km and will extend from the border to Vientiane, capital.
According to Xinhua news agency, the railway is part of China's "one belt and one road" plan, which will cost 5 billion 400 million US dollars; Burma, a democratic country, is liberalized its economic development and adopts market reforms.
Aung San Suu Kyi, the country's real leader, came to China soon after he took power and accelerated cooperation with China.
China is now Burma's largest trading partner.
Trade
It accounts for 40% of Burma's total trade volume.
In addition, China's relations with Kampuchea are also very close.
The total volume of trade between the two countries rose to 4 billion 800 million dollars last year, two times that of 2012.
Kampuchea plans to increase its economy by 7% this year, while Laos set a target of 7.5%.
The rapidly developing economy has raised the national income level of these countries and reduced poverty.
According to the latest data from the world bank, the daily cost of living in Kampuchea in 1994 accounted for 30% of the total number of people living in the country, and this proportion has dropped to 2.2% in 1.9.
The poverty rate in Laos has dropped from 22.9% in 1992 to 16.7% now.
"In Washington, D.C.,"
China Beige Book
Derek Heather, chief economist of international research company, said that China has poured large amounts of money into Kampuchea, Laos and Burma to support projects run by Chinese companies, especially in Laos, after lending with highly favorable conditions.
He said that since 2005, China's construction and investment in Laos accounted for 15% of Laos's GDP, and that other countries could not provide so much financial support other than China.
Kampuchea, Laos and Burma are strengthening cooperation with Chinese suppliers, buying semi manufactured goods from Chinese suppliers factories, and selling clothing and shoes made to companies that are often owned by Chinese enterprises or supported by Chinese enterprises.
According to IMF data, China's imports of clothing and shoes from these three Southeast Asian countries have doubled in five years.
Due to the lack of textile and apparel supply chain in Vietnam, some of the brands that Vietnam chooses to manufacture are not purchased locally. Its procurement areas are mostly in some neighboring countries, such as China, Japan, Korea and so on.
Due to the lack of textile and apparel supply chain in Vietnam, some of the brands that Vietnam chooses to manufacture are not purchased locally. Its procurement areas are mostly in some neighboring countries, such as China, Japan, Korea and so on.
For more information, please pay attention to the world clothing shoes and hats net report.
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