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Economy

Southeast Asia's infrastructure dreams spark negotiating frenzy

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A passenger train crosses the Chikubang Bridge as it travels from the Indonesian city of Bandung to Jakarta in West Java.   © Reuters

China's "One Belt, One Road" initiative sounds great, in theory, to its Southeast Asian neighbors: billions of dollars for infrastructure projects and a mechanism for coordinating Chinese investment at a time when regional economic integration is deepening.

     The challenge is to maximize investment opportunities without sacrificing too much long-term political and economic flexibility.

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