_Chinese Investment Magnet - Malaysia

Malaysia continues to benefit from China’s BRI due to its strategic location along the economic corridors. A large part of why China has invested heavily into Malaysia is the deep diplomatic relations between the two countries. In November 2016, Prime Minister Najib Razak led an entourage of government ministers and business leaders in a visit to China and secured a robust economy, multilingual record levels of bilateral deals, with 14 business-to-business MoUs and agreements worth about US$35 population and a pro-business billion in various areas such as trade and investment, government, development of technology parks as well as supply of goods and services.

In addition to that, 16 government-to-government MoUs and agreements were also signed. These include more than US$13 billion in soft loans from China for the East Coast Rail Line connecting Malaysian east coast states with the west coast, as well as the Malaysia-China Kuantan Industrial Park in Pahang.

The close ties between the two countries have also led to the appointment of Jack Ma, founder of China’s e-commerce giant, Alibaba Group, as Malaysia’s digital economy adviser in late 2016 and the subsequent formation of the KLIA Aeropolis Digital Free Trade Zone (DFTZ) Park. The latter, Alibaba’s first regional hub outside China, will be a boost Malaysia’s e-commerce roadmap. In May 2017, during the Belt and Road Forum held in Beijing, another nine business-to business MoUs with a total value of circa US$7.5 billion were inked.  

Also noteworthy are the inroads made by top Chinese developers into the Malaysian property market and they include China Vanke, Country Garden, Greenland Group, China Overseas Land & Investment and China Fortune Land Development.

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