US isolationism paving way for China expansion
With its huge overseas investments, China will get a bigger role in setting global rules in trade, climate change and finance from Trump's withdrawal from the world stage.
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SINCE taking the helm, Donald Trump has pulled the US out of the Trans-Pacific Partnership, leaving the world open to further Chinese economic expansion. China's rise on the international stage is also buttressed by the blistering growth of its investments and infrastructure projects around the world.
The year 2015 was a momentous one. For the first time, Chinese overseas investments overtook foreign investments flowing into China. This switched the China story from foreign investors flocking to invest in China to Chinese investors going out to invest in various countries, including Singapore.
This upward trajectory was maintained last year. Chinese overseas investments rose to US$170.1 billion in 2016, up 44.1 per cent from 2015 and more than double the US$68.8 billion of Chinese overseas investments in 2010, according to official Chinese data.
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