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China No Match for Japan in Southeast Asia Infrastructure
Race
Bloomberg Michelle
Jamrisko,Bloomberg Sat, Jun 22 5:00 PM PDT
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(Bloomberg) -- Japan
is still winning the Southeast Asia infrastructure race against China, with
pending projects worth almost one and a half times its rival, according to the
latest data from Fitch Solutions.
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. 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. 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.
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. Fitch data in
February 2018 put Japan’s investment at $230 billion and China’s at $155
billion.
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. That includes a $58.7 billion high-speed railway
between Hanoi and Ho Chi Minh City in Vietnam.
For China, Indonesia is the primary customer, making up $93
billion, or 36%, of its overall. The prized project there is the Kayan River
hydro-power plant, valued at $17.8 billion.
Across all of Southeast Asia and by number of projects,
Japan also carries the day, though by a smaller margin: 240 infrastructure
ventures have Japanese backing, versus 210 for China in all 10 Southeast Asian
economies.
Translation
雅虎財經
(彭博社) - 根據惠譽的最新數據,日本仍然贏得了它針對中國的東南亞基礎設施的競賽,在等待审核項目中与其競爭對手的價值幾乎高出1.5倍。
數據顯示,該地區六大經濟體
- 印度尼西亞,馬來西亞,菲律賓,新加坡,泰國和越南
- 的受日本支持項目價值為3670億美元。中國的總數是2550億美元。
這些數字突顯了東南亞基礎設施發展的强烈需求,以及日本相對中國是在主導着的地位,儘管習近平主席通過其簽署的“一帶一路”計劃推動鐵路和港口的投資。亞洲開發銀行估計,從2016年到2030年,東南亞經濟每年需要2100億美元的基礎設施投資,以保持經濟增長勢頭。
通過惠譽電子郵件回覆彭博社所提供,
最新數據 統僅計岀各待定項目 --
即處於規劃,可行性研究,招標,
和目前正在建設階段的項目。
2018年2月的惠譽數據顯示,日本的投資額為2300億美元,中國的投資額為1550億美元。
越南是迄今為止日本基礎設施參與的最大焦點,未決項目價值2090億美元 - 超過日本總數的一半。其中包括越南河內和胡志明市之間的587億美元高速鐵路。
對於中國而言,印度尼西亞是主要客戶,佔其總體的930億美元,即36%。這個珍貴的項目是卡揚河水電站,價值178億美元。
在整個東南亞地區和項目數量上,日本也獲勝,但差距較少:在所有10個東南亞經濟體中240家基礎設施企業獲得日本支持,210家獲中國支持。
Comments
So, China and
Japan are competing in South-east Asia on construction projects to generate
influence. The competition has many positive impacts, at least it will help the
economic development of South-east Asia as a whole.
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