The Development of Malaysian Economic Policy towards China, 1974-2018

Abstract

The economic relations between Malaysia and China have always maintained a relatively stable trend, and Malaysia also attaches great importance to maintaining the development of economic relations with China. Throughout the decades of development, Malaysia's economic policies towards China have shown different characteristics in different development periods. Especially after Malaysia's domestic election in 2018, Malaysia's economic policy towards China has undergone new adjustments, which is very different from Malaysia's economic policy towards China before 2018. Therefore, by analyzing and summarizing the development of Malaysia's economic policy towards China from 1974 to 2018, this article discusses the focus of economic policy towards China in different periods and how it affects the development of Malaysia's economic relations with China. In this article, researcher systematically review the development of Malaysia's economic policy towards China from 1974 to 2018, and analyse what factors have affected Malaysia's economic policy towards China during this period, and summarize the impact of economic policy on China-Malaysia economic relations? This article mainly includes four parts, the first part is mainly to define the timeframe of the research and introduce the reasons. The second part mainly introduces the main features of Malaysia's economic policy towards China from 1974 to 1985 and its influence. The third part will introduce the characteristics of Malaysia's economic policy towards China since 1985 and focuses on analysing the motivation behind the economic policy towards China during Mahathir and Najib. The last part summarizes the characteristics of Malaysia's economic policy towards China and related impacts over the decades from 1974 to 2018.

China-Pakistan Economic Corridor (CPEC): A Threat to India’s Border Security

“…Although infrastructure development plays a central role, the Belt & Road Initiatives (BRI) is a comprehensive infrastructure development plan that includes policy dialogue, unimpeded trade, financial support, and people-to-people exchange (Huda & Xinlei, 2022). Under China's BRI project, there are six core economic corridors which are China-Pakistan Economic Corridor (CPEC), Bangladesh-China-India-Myanmar (BCIM) Economic Corridor, China-Indochina Peninsula Economic Corridor, China-Central Asia-West Asia Economic Corridor, New Eurasia Land Bridge Economic Corridor, and China-Mongolia-Russia Economic Corridor (Aoyama, 2016).…”