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Monday, March 19, 2018

Website: China’s influence on Putrajaya is here to stay


With China’s growing influence in Malaysia, an Asean commentary website has urged Malaysians to welcome what it believes could be a beneficial move.
In an editorial on Friday, Asean Today pointed out that China had stepped in to buy Malaysian assets following the 1MDB scandal in 2015.
“Najib and his country remain in China’s debt. Malaysia has limited ability to strike deals and push for investment from elsewhere,” reads the commentary.
The website argued that Najib had “few” other options available to him following the 1MDB affair, therefore accepting Chinese money and influence was a necessary compromise.
“Malaysia cannot make the strides forward it needs to without help. The failure of recent development projects (e.g. Iskandar Malaysia, Cyberjaya and Bandar Malaysia) is enough evidence of that. Chinese influence is here to stay.
“(Najib) must now do his best to deliver a return on that investment,” the website article states.
Domestic hostilities towards China are unlikely, said Asean Today, due to the historical ties between the two countries, and Malaysia’s demure approach towards Chinese encroachment in the South China Sea.
Will influence turn into control?
In view of this, Asean Today said, it was not surprising that some surveys have shown that three-quarters of Malaysians welcome Chinese influence.
“China could influence Malaysia more than other countries without risking significant pushback,” said the website.
However, in terms of regional relations, Asean Today warned that Malaysia’s pliancy to Beijing’s influence would likely rile up its Asean partners and threaten unity.
“Asean, as a bloc, cannot stand up to Beijing if one or more of its members rely on Chinese money,” it said.
Relying too much on China may also cause problems for Malaysia’s economy, because Chinese firms tend to rely on their own workers, leaving local firms unable to compete.
“If Malaysia is to cede influence to China, it cannot do so without gaining something. Otherwise, China will shift from influencing Malaysia towards controlling it.
“That is a delicate balance to strike. If Malaysia can manage it, China’s influence could do the country more good than harm.” -Mkini

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