Chinese companies have directly invested more than US$90 billion in countries included in the belt and road plan between 2013 to 2018, according to official data. Photo: Reuters
China’s belt and road may accelerate exit of manufacturing to Vietnam and India, researchers warn
- The Belt and Road Initiative is China’s plan to grow global trade, but coupled with the US-China trade war, it could add pressure to its sluggish economy and debt pile
- Foreign direct investment in Vietnam’s manufacturing sector, driven by electronics manufacturing, has risen to 11 per cent a year over the past five years
Chinese companies have directly invested more than US$90 billion in countries included in the belt and road plan between 2013 to 2018, according to official data. Photo: Reuters
