Fourth, and on a related note, economic influence ought to be measured using both trade and investment, and despite some increases, China’s role in the latter field in Southeast Asia is still rather “marginal,” as the report puts it politely. China contributed a measly 2.3 percent of ASEAN’s total FDI inflows in 2013. Even if you make the usual adjustments for undercounting (including the fact that investment originating in Hong Kong is not factored in), as the report concludes, “the fact remains that China is not yet a major investor in ASEAN.”