figures show: China's tally is 255 billion. ; The figures underline both the rampant need for infrastructure development in Southeast Asia, as well as Japan's dominance over China, despite President Xi Jinping's push to spend on railways and ports via his signature Belt and Road initiative, according to The Japan Times. The Asian Development Bank has estimated that Southeast Asia's economies will need 210 billion a year in infrastructure investment from 2016 to 2030, just to keep up the momentum in economic growth. Japanese-backed projects in the region's six biggest economies Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam are valued at 367 billion, the figures show. The latest Fitch figures, provided in an emailed response to Bloomberg, count only pending projects those at the stages of planning, feasibility study, tender and currently under construction. Vietnam is by far the biggest focus for Japan's infrastructure involvement, with pending projects worth 209 billion more than half of Japan's total. Fitch data in February 2018 put Japan's investment at 230 billion and China's at 155 billion.
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