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Southeast Asian fund can complement Chinese investment by boosting self-reliance

Thailand and allies right to cooperate despite the growing ties with Beijing

| China
Thailand and its partners in Southeast Asia are pushing a regional infrastructure fund to boost self-reliance.   © Reuters

The countries of Southeast Asia have rarely found it easy to cooperate, despite founding one of the world's best-known regional clubs -- the Association of Southeast Asian Nations -- over 50 years ago.

With the members in very varied political and economic positions, they have found it tough to launch concrete joint projects. So in a welcome move Thailand, Cambodia, Laos, Myanmar and Vietnam -- half of ASEAN's 10 members -- have announced a common infrastructure and development fund.

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