Singapore: China's Gateway to ASEAN

Discover the opportunities that the Belt and Road Initiative (BRI) will bring to ASEAN and the ways Chinese corporates with expansion goals can take advantage of the China-Singapore Corridor to tap the potential of the region.
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One Belt, One Road

Since the grand vision for China was unveiled in 2013 by President Xi Jinping, the Belt and Road Initiative (BRI) is believed to be a global transformative project that will bring unprecedented growth to global trade.

Belt and Road Initiative: Implications for ASEAN

As the world's youngest economic region, ASEAN is likely to be one of the biggest beneficiaries of the BRI.

The region offers alluring investment opportunities with its healthy rates of economic and population growth. HSBC estimates that the six biggest ASEAN economies – Indonesia, Thailand, Malaysia, Singapore, the Philippines and Vietnam – require USD2.1 trillion in infrastructure investment up to 2030. However, budgets will cover only USD910 million of the required amount. This offers opportunities for foreign businesses to step in and help fill the gap.

As China takes on a more active role in shaping global trade through the BRI, Chinese businesses have an opportunity to expand across related economic corridors, such as that between China and Singapore. ASEAN is particularly appealing as it is a primary beneficiary of BRI infrastructure investments. HSBC estimates that BRI-related commitments in Malaysia, Indonesia and the Philippines alone will total more than USD77 billion. Clearly, the region offers excellent prospects for Chinese corporates to expand and grow their businesses.

Projects in focus

The BRI will benefit businesses and employment in three waves. The planning phase will bring opportunities to businesses specialising in engineering, finance and architecture. As the construction phase begins, businesses supplying raw materials and machinery will stand to gain. This will then pave the way for downstream opportunities such as real estate and commercial developments.

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