China has already demonstrated that it seeks a more visible role on the world stage and wants to put itself at the heart of globalisation – as 13 / 26  BIS central bankers' speeches  outlined in President Xi’s speech to the World Economic Forum in Davos a year ago.
This rhetoric has been supported by China’s ‘Belt and Road Initiative’, which has received more than $ billion in financing since its inception in 2013. Another major project is China’s ASEAN Silk Road, the high-speed rail line expected to run from Kunming to Singapore and run through Laos, Thailand, Malaysia and Singapore.