One Belt One Road

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China is pouring record levels of investment into its Belt and Road Initiative - which calls for massive development of trade routes in the region - and Asean is emerging as a major beneficiary.
Chinese President Xi Jinping announced his ambitious One Belt, One Road vision in September 2013, and the programme has since become his signature foreign policy initiative.
In May, he pledged an additional US$124 billion to the initiative, on top of an estimated US$900 billion already made available.
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