Singapore has become a favored destination for Chinese enterprises to make investment in the countries along the Belt and Road (B&R) routes, according to statistics released by Morrison & Foerster LLP.
In 2017, Chinese enterprises' investment in Singapore amounted to 58 percent of the total, mainly concentrating in the fields of financial service, emerging technology, business and logistics.
According to Morrison & Foerster, Chinese enterprises' investment is welcome in the countries and regions along the B&R routes as it helps them upgrade local infrastructure. In Laos and Thailand, high-speed railway projects are relatively popular.
Viewing from the region, investment made by Chinese state-owned enterprises in southeast Asia and other countries along the 21st Maritime Silk Road routes accounted for 50 percent of the total, surpassing that in south Asia and west Asia.
In Malaysia and Indonesia, the investments mainly go to infrastructure sector. In India, semiconductor electron, logistics, medicine, financial service, e-commerce, renewable energy, infrastructure and hotel are popular sectors among investors.
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