China outspends US in ASEAN investment blitz

Solar panel plant in Malaysia and new highway in Laos

20210704N Risen Energy

Solar power company Risen Energy has agreed to invest $10 billion in Malaysia's solar panel industry. © Reuters

KOYA JIBIKI and TSUKASA HADANO, Nikkei staff writers

JAKARTA/BEIJING -- China plans to open a big solar panel module plant in Malaysia and build a 580 km highway in Laos, part of a charm offensive as the U.S. steps up efforts to counter Beijing's influence in Southeast Asia.

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