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Billion Dollar Infrastructure Fund Reveals China’s New Development Finance Priorities and Tactics

File image of Chinese contractors building the $5.5 billion subway in the Indonesia capital Jakarta. BAY ISMOYO / AFP

The Chinese government is leveraging private capital to bolster its infrastructure development finance agenda in developing countries, particularly in Southeast Asia. 

The China Exim Bank, one of China’s two main policy banks, announced this week that it teamed up with Singaporean real estate investment firm ARA to close a deal for a one-billion-dollar infrastructure development fund to finance sustainable energy, telecommunications projects, and other low-carbon transportation initiatives in the ten member states of the Association of Southeast Asian Nations (ASEAN).

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