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Title: Southeast Asia’s Economy Shows Resilience, LESSO Group 2128.HK Rides Infrastructure Boom for Global Growth

China, 28th Mar 2025 - In 2024, Southeast Asia’s economy rebounded stronger than expected, turning China's investors' focus to how Chinese enterprises will expand in the region in 2025.The International Monetary Fund(IMF) projects that GDP growth across six Southeast Asian countries will outpace 2023 levels in 2024 and maintain steady momentum into 2025. Reports from HSBC and Malayan Banking also highlight ASEAN’s resilience and strong growth potential, far exceeding the global average in the coming year.A recent visit by Thai officials to China led to the approval of Phase 2 of the China-Thailand high-speed railway, a key milestone. Beyond enhancing local infrastructure, the project aims to boost regional economies, reshape Southeast Asia’s land-sea transport network, and open new avenues for growth.In the long run, Southeast Asia’s economic rise remains clear, offering a steady stream of opportunities for Chinese enterprises expanding abroad. The region will continue to be a key destination for growth and investment.1. Booming Infrastructure Demand in Southeast Asia: What Opportunities Lie Ahead?What growth opportunities exist in Southeast Asia’s rapidly emerging market?First, let’s examine urbanization rates. Among the five key Southeast Asian nations (Indonesia, the Philippines, Malaysia, Thailand, and Vietnam), the average urbanization rate in 2023 stood at 55.7%, comparable to China’s level in 2014. By contrast, China’s urbanization rate had risen to 64.6% by 2023.Urbanization in Southeast Asia is set to accelerate. As more people migrate to cities and shift into industries and services, the expansion of infrastructure, social services, and industrial parks will be inevitable.Furthermore, Southeast Asia has a young demographic structure, forming a healthy "positiv...

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