In our annual forecast, Stratfor wrote that 2015 would likely prove something of a watershed year for Southeast Asia. As China's manufacturing economy struggles through structural reforms and attempts to move up the value chain this year , wage and policy pressures in coastal Chinese provinces will drive more low-cost manufacturing-related investment into emerging Southeast Asian economies, particularly Indonesia, Vietnam and the Philippines. Meanwhile, the competition between China, Japan and South Korea for regional economic and diplomatic influence will result in more investment in infrastructure development across Northeast Asia. It will also increase efforts to deepen trade and investment ties with members of the Association of Southeast Asian Nations, commonly known as ASEAN.