INSUBCONTINENT EXCLUSIVE:
China’s role as Southeast Asia’s largest infrastructure financier is increasing its regional influence at a time when the United States
and the European Union are slashing their foreign aid budgets, a new report by an Australian think tank said.
With the Trump administration
in the United States scrapping about US$60 billion in aid and European countries pulling back more than US$25 billion, “the centre of
gravity” in Southeast Asia’s development finance landscape “looks set to drift East,...
