Overdependence? How China is set to change Malaysia’s landscape

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The pro-Umno Red Shirts should think twice if they plan to create a ruckus in Kuala Lumpur on 19 November. China, which has just entered into a slew of investment agreements with Malaysia, will no doubt be watching events here with interest.

This is an article I wrote for Aliran:

It must be a confusing time to be one of the nationalist pro-Umno Red Shirts. What would they make of the giant state-run and listed firms from China that are now going to be involved in billions and billions of ringgit worth of infrastructure contracts in Malaysia?

These firms’ interests span from Johor in the south all the way to Penang in the north; from the proposed Bandar Malaysia on the west coast to Kuantan on the east coast, then swivelling northwards along the east coast to Tumpat – and beyond the South China Sea, to Sarawak and Sabah.

It is not just the Red Shirts who should be concerned about this turn to China.

Certainly, there is merit in steering an independent path away from the United States’ strategic umbrella. Many of us would also be relieved if the new Trump administration got rid of the Trans-Pacific Partnership agreement, which would have mainly profited large multinational corporations and kept China at arm’s length.

But instead of keeping Malaysia on a more balanced, neutral path, the pendulum appears to have swung too far, too swiftly to the other side. The sheer magnitude of recent deals with China suggests we are entering a little too deeply into China’s sphere of influence for comfort.

READ MORE:  New wave of Chinese nationals drawn to Malaysia

Full article on Aliran website

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31 Comments on "Overdependence? How China is set to change Malaysia’s landscape"

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glissantia
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glissantia
At one time, the Great Shaitan was getting a torrent of continuous benefit: China (and to a lesser extent Japan) left their trade balance (which Shaitan could not reduce by coming up with attractive products) in Shaitanland as T-bills. Shaitan could print more of its dud curency to buy imports or lend for dud projects. Now, with Shaitan becoming every more of a threat to human survival (ref. climate change, the secretive use of nuclear weapons and the goading of Russia and China), China has changed direction in a big way. Compared to its past investment in individual countries (mainly… Read more »
Anthony
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Anthony
This S$143b Chinese-made city in Johor ‘scares the hell out of everybody’ http://m.todayonline.com/business/chinese-property-investors-gamble-s143b-jb-be-next-shenzhen While Chinese home buyers have sent prices soaring from Vancouver to Sydney, in this corner of South-east Asia it is China’s developers that are swamping the market, pushing prices lower with a glut of hundreds of thousands of new homes. They are betting that the city of Johor Baru, bordering Singapore, will eventually become the next Shenzhen. The scale of the projects is dizzying. Country Garden’s Forest City, on four artificial islands, will house 700,000 people on an area four times the size of New York’s Central… Read more »
Anthony
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Anthony

Johor’s Forest City, as marketed to PRC Chinese in this video ad:
https://youtube.com/watch?v=AVOKkJ1B-fQ
– the focus is on its proximity to Singapore.

20160306 Sultan Johor – Majlis Perasmian Forest City 2016

shahwan
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shahwan

Building homes that most bangsa Johor cannot afford, especially the malays. Iskandar is all about property development to bring in foreign residents and will change the demographic of southern Johor, and may impact Umno later.

gk ong
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gk ong

The concept of Bangsa Johor is to embrace any new immigrants from overseas who are paying top dollars for such properties, possibly with permanent residence provided?

zoro
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zoro

Thanks for info. (Those) who bark most think penang is centre of building and reclamation and never realise how puny is small pearl as compare to johor. Claim to being to shenzhen but maybe direct to changping

gk ong
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gk ong

A century ago poor and uneducated mainland chinese took tongkang on the perilous nanyang trip to Tanah Melayu to seek ku li jobs. Today cash rich mainland chinese took chartered 1st class flight to Bolehland to buy up properties and land to add to their asset portfolio, and are welcomed like VIPs with open arms even from the royalty.

Anthony
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Anthony
South China Morning Post: Malaysia’s economy just got a US$33-billion dollar boost from China… so why the unhappiness? The rumblings of discontent started before Malaysian Prime Minister Najib Razak had even set foot back on home soil. While some of his countrymen saw his recent visit to China as a groundbreaking feat that would boost the nation’s flagging economy – he did, after all, secure deals worth RM144 billion (HK$258 billion) – others, in particular the country’s opposition parties, accused him of selling Malaysia’s sovereignty and compromising its territorial claims in the South China Sea, where the two countries are… Read more »
shahwan
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shahwan

Long term no good for bumiputeras.

gk ong
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gk ong

Better for our children to study in chinese independent schools to master Mandarin, the language is an asset to do business with PRC folks. BN will be pressured to recognise UEC.

shahwan
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shahwan

Good advice. My daughter is already in SJK Cina, now can speak average Mandarin.

Johan Khun Pana
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Johan Khun Pana
Good deal but for who. Those Chinese companies are not the common private corporations / companies. Those are the Chinese Govt’s State companies. Same as our GLCs. It indicates the direct involvement of Beijing. Now , they (Beijing) are willing not just to invest but to supply /construct / design / manage and to fully finance the entire project and with additional spare cash for … Is this a common “investment”? Let’s say someone is willing to built a house for you. Completely furnish with maids and luxury cars for your porch. And , and with ample cash for you… Read more »
tunglang supports Bersih 5
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tunglang supports Bersih 5

Already, Naik Jeep wouldn’t want to open the book for all to see every investment Renminbi,
we wouldn’t be surprise if & when we are told again one more time (in the foreseeable future) there’s another super-generous donation, this time coming from a Mandarin-speaking Sheik riding Mongolian camel in China!
Naik Jeep may also parot LGE’s parting shots:
“We will have to compensate the PRC Chinese should we cancel any deal with them!”

Renato
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Renato
In need of an urgent bailout and angry at what he saw as US interference and lack of appreciation for years of pro-US policies, Najib opted to play the China card. He is now counting on China to erase 1MDB debts, pour in new investments and loans to keep the economy growing, entice Malaysia’s recalcitrant Chinese voters back into his coalition and finesse the festering territorial dispute with China in the South China Sea. If China can deliver on these hopes and if Najib can convince his own party, a party that has long been accused of anti-Chinese bigotry, to… Read more »
gk ong
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gk ong

By appointing Jack Na as his Digital Economy advisor, Najib is paving way for Ali Baba’s Tianmao (check up http://www.tianmao.com) to dominate the e-commerce and online shopping in Malaysia, to the dismay of bumiputera and MARA traders down the road. Sabri Ismail would have a lot to answer to the malays.

Anthony
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Anthony

Lazada Group, a southeast Asian e-commerce company backed by Alibaba Group Holding Ltd, agreed to buy Singapore-based online grocer RedMart.
http://www.reuters.com/article/us-singapore-lazada-idUSKBN12X0LJ

Jack Ma will soon acquire Malaysian e-commerce companies?

zoro
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zoro

lucky china dump its money into the sea to develop pulau jerejak. otherwise china will buy all the heritage shophouses and turn them into datong, lijiang. dali, tongli pingyao with millions of expert workers in reconstructing unesco ming era houses. or building great wall of penang. china still manage able to buy sg besi airport despite remenbi is down as compare with rm

Bigjoe
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Bigjoe

The conventional wisdom is that China’s Chinese could care two hoots about their overseas cousins and hence its OK. But truth is, it must occur to China Chinese that if they do it to their cousins, then sooner or later they will on on them.

tunglang
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tunglang
Now, see who is revealing the hidden truth & who is lying big time. Gerakan: Over RM1bil in overseas deals may have been signed (with China Construction Fifth Engineering Division Corp Ltd) http://www.thestar.com.my/news/nation/2016/11/18/jerejak-developer-draws-flak-gerakan-over-rm1bil-in-overseas-deals-may-have-been-signed/ GEORGE TOWN: Over a billion ringgit in development projects on Pulau Jerejak may have been signed by a local developer with overseas partners, claimed state Gerakan acting youth chief Jason Loo. He said overseas sources revealed that the developer had roped in foreign corporations. Gerakan has found announcements in 11 websites that Penang-based developer Ideal Property Group had, in March, signed tripartite agreements with Chinese companies to… Read more »
Anthony
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Anthony

China’s hugh cash is controlling the world, including the English Premiership football:
http://www.dailymail.co.uk/sport/football/article-3946936/Premier-League-boosted-new-482m-China-TV-deal-flight-earn-12-times-year.html

The English Premiership television deal in China will see the top flight earn 12 times as much per season as the previous agreement. The rights have been purchased by Suning’s PPTV streaming service for $600million (£482m) over three seasons. Suning’s deal will kick in from the beginning of the 2019-20 season. That means the English top flight will earn $200m (£160m) per season from the broadcasting deal, a staggering rise from the last agreement, which was worth $17m (£13.6m) to the Premier League.

Renato
Guest
Renato

China is paying so much for the TV rights, so Astro will have to pay more soon, and the Astro subscribers will face another Barang Naik syndrome in the subscription fees. I have cancelled my Astro subscription three years ago, no worth subscribing as plenty of repeat shows. Anyway the football today is too commercial, better watch the kids playing at my neighbourhood.

zoro
Guest
zoro

another flood news from fmt. flood in ioi mall in puchong. the latest in tuesday. in fact flood is a regular event.

so penang can take console that is not only karma giving flood. if rich state can have flood poor state like penang according to gilakan sg not need to see. problem is too many… barking….

Ranjit Devraj
Guest

Same thing happening with Pakistan and Sri Lanka. Both getting indebted to China and losing control over assets.

gk ong
Guest
gk ong

China’s 1 belt 1 road will see a railway line from Eastern China all the way to the port of Pakistan. In future China will not have to depend on sea trade via the Straits of Melaka. This will make Singapore nervous?

tunglang supports Bersih 5
Guest
tunglang supports Bersih 5

Road & rail transportations are faster than sea.
Esp. for bulk cargoes & containers. Unless one is very loaded to use air – Fedex / DHL.
SingLand better do something otherwise their ports will be as ghost ports in the coming future.

zoro
Guest
zoro

if not indebted to china then bullied by next door big bro india with billion people?

tunglang
Guest
tunglang
Will Petaling Street be more congested with PRC Chinese traders? Jamal the Red Nose may have to think trice before invoking a ruckus there without approval from Naik Jeep! The pro of dependence on China is Putrajaya beholden to Taiko China not to treat Malaysian Chinese like before. And more “Guanxi” bilateral trade which will benefit our economy even in the face of global trade slowdown. And of course, more Chinese dragon ladies QQ or WeChat into the lives of local Chinese who have weak hearts for cheongsam (Wanita MCA, be fore-warned). The cons are possibly more competitive Bank of… Read more »
gk ong
Guest
gk ong

Remember the time Jamal Samseng intimidated the Chinese ambassodor over the Petaling St incident? I think the PRC chinese will not forget. So unlikely that Umno can extend its ikan bakar franchise to China.

tunglang supports Bersih 5
Guest
tunglang supports Bersih 5

Absolutely no future for Jamal looking for dedak business opportunities in China under the recommendation of Naik Jeep! May be already blacklisted by PRC China & companies.
Who cares for his Ikan Bakar when Chinese Yellow River basin has better cuisines worth global salivating.

Ho Say Leow
Guest
Ho Say Leow

Now Balik Tongsan is a privilege that (some) do not have!

BTW big brother of Tongan is the big boss Bruce Lee.

tunglang supports Bersih 5
Guest
tunglang supports Bersih 5

For those business-savy Malaysian Chinese (singers included), Balik Tongsan is an open opportunity to create ‘life line in foreign land’ for future prosperity.
I do not regret sending all my children to Chinese medium schools for their future survival even though I was from English medium school. And now I speak Mandarin confidently & better than before which helped me when I was in Shenzhen, China.