Chinese Investment Case Studies from Malaysia
In this chapter, seven case studies are provided that examine the institutional architecture through which state-business relations function, focusing on flow of information, reciprocity, and credibility in each venture. The different forms of state inter
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China in Malaysia
Edmund Terence Gomez · Siew Yean Tham · Ran Li · Kee Cheok Cheong
China in Malaysia State-Business Relations and the New Order of Investment Flows
Edmund Terence Gomez Faculty of Economics and Administration University of Malaya Kuala Lumpur, Malaysia Ran Li Institute of China Studies University of Malaya Kuala Lumpur, Malaysia
Siew Yean Tham Regional Economic Studies ISEAS-Yusof Ishak Institute Singapore, Singapore Kee Cheok Cheong Asia-Europe Institute University of Malaya Kuala Lumpur, Malaysia
ISBN 978-981-15-5332-5 ISBN 978-981-15-5333-2 (eBook) https://doi.org/10.1007/978-981-15-5333-2 © The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2020 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover image: © Sean Pavone/Alamy Stock Photo This Palgrave Macmillan imprint is published by the registered company Springer Nature Singapore Pte Ltd. The registered company address is: 152 Beach Road, #21-01/04 Gateway East, Singapore 189721, Singapore
Preface and Acknowledgments
After President Xi Jinping announced his flagship Belt and Road Initiative (BRI) in 2013, a significant increase in investments flowed from China into Southeast Asia. China’s foreign direct investments flows into Malaysia were particularly noteworthy given the close ties that were subsequently forged between Xi and the then prime minister, Najib Razak. China’s investments in Malaysia’s infrastructure projects as well as in numerous other sectors grew appreciably from 2015. However, as in other countries, media attention and academic research in Malaysia have focussed on the mega infrastructure projects, a number of them controversial in nature, with much discussion about potential debt-traps and the limited transparency surrounding the award of these contracts. Meanwhile, very little
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