China faces Belt and Road course correction after coronavirus

Sub-title: 

Southeast Asia expected to remain a focus as Beijing prioritizes home front

Description: 

"The new coronavirus is straining economies to the breaking point, but China says its Belt and Road Initiative will proceed intact. Analysts are not so sure. Some think a weakened China will have little choice but to step back and reassess its foreign investments in the post-pandemic world. But a Belt and Road 2.0 could also present new opportunities to wield influence -- especially in Southeast Asia -- as the European Union and other investors nurse their own wounds. Despite the raging pandemic, China has not stopped committing to new infrastructure projects across the Southeast Asian bloc. In the months since the outbreak started, it has sealed deals for an $800,000 dam in Cambodia, a $22.4 million business park in Myanmar and a large solar energy farm in Laos. "Keeping foreign trade and foreign investment stable is vitally important, as the Chinese economy has been deeply integrated into the world economy," state media quoted Premier Li Keqiang as saying on March 10..."

Source/publisher: 

"Nikkei Asian Review" (Japan)

Date of Publication: 

2020-04-02

Date of entry: 

2020-04-24

Grouping: 

  • Individual Documents

Category: 

Countries: 

Myanmar, China

Language: 

English

Resource Type: 

text

Text quality: 

    • Good