China-funded infrastructure projects in Southeast Asia have plunged in the past year as foreign governments grow wary of Beijing’s overseas investments. The value of newly announced big-ticket deals in the region – investment commitments and construction contracts worth more than $100 million – dropped just under 50% in 2018 to $19.2 billion, its lowest in four years, according to analysis by Citi Economics based on data from US think tank American Enterprise Institute.
