CRISEA Policy Brief 5 - China in Southeast Asia: State-State Ties, State-Business Relations and Investment Flows in Malaysia
14 NOV 2019
Since the introduction of the Belt Road Initiative (BRI) by President Xi Jinping in 2013, there has been a surge in investments by China into Southeast Asia. An important outcome of the BRI is that of growing state-state ties between China and Southeast Asian countries, particularly visible in Malaysia. Based on these state-state ties, enterprises owned by the governments of both countries have been employed to jointly mount projects, creating public-public partnerships, though private investors also receive government support. In the process, diverse forms of state-business relations have emerged, with some ventures controversial in nature, with evidence of anomalies, while others have potentially productive outcomes.