In 2011, Chinese investment in ASEAN member states totaled about US$12 billion. In Cambodia and Laos, two of ASEAN's most underdeveloped nations, China has invested over the past two decades $10 billion and $3 billion respectively. Chinese President Xi Jinping proposed the establishment of a $50 billion Asian infrastructure bank to promote regional economic integration. The move was seen as a counter to the Japan-dominated and US-influenced Asian Development Bank.