KUALA LUMPUR - Malaysia’s pivot to economic diplomacy since Prime Minister Anwar Ibrahim took power four months ago will come into focus when he begins a six-day visit to Beijing on Tuesday.
“China realises it has to make up for all the lost opportunities in the past three years,” he added, referring to the near economic standstill during Beijing’s ultra-strict lockdowns amid its zero-Covid phase. Deputy International Trade and Industry Minister Liew Chin Tong told ST that the shift to economic diplomacy has been a factor in some recent big wins – especially the likes of electric vehicle manufacturer Tesla
International Trade and Industry Minister Tengku Zafrul Aziz said on March 6: “The most attractive factor about Malaysia is that the ecosystem for E&E can support the EV industry. Tesla said quite a big part of its supply chain is from Malaysia, so why not relocate here?” But geopolitics can often be a zero-sum game, with closeness to one superpower often seen as drifting away from another.
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