Debunking the Myth of Malaysia’s Economic Overdependence on China

Quick Summary:

Some observers claim that the country has become too reliant on China for its own good – but the data says otherwise.

Since 2021, Malaysia’s overall trade growth has outpaced its trade with China, marked by a rise in ASEAN’s share of Malaysian trade from 26 percent to 27 percent.

The overdependence camp also claims time and again that Malaysia is “too deferential” to China, which overlooks Malaysia’s use of trade remedies and safeguards in line with the multilateral rules-based order.

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Article Details

Author / Journalist: Jaideep Singh

Category: Economy

Markets: United StatesAustraliaBrazilCanadaChinaEgyptGermanyIndiaIndonesiaJapanSouth KoreaKyrgyzstanLaosMalaysiaMaliMongoliaMyanmarNepalNew ZealandPakistanSingaporeSri LankaThailandUzbekistan

Topics: Malaysian China’s Economic Chinese Other Malaysia Trade Percent) Percent China Malaysia’s

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 09:03:00 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: thediplomat.com

Language: English

Article Length: 4087 words

Reading Time: 23 minutes read

Sentences: 194 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Diplomat

News ID: 23469840

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