I have started to HIDE some people’s comments about politics. It’s a little tiring to read all of them. My personal thought is that most of everyone has made up their mind and nothing much would change from now until the voting day. However, this particular article I think would be of interest to the investors. Especially those who worry IF the current government wins or IF the current government loses and how it will affect the economy. Yea, that question of China’s investments here in Malaysia. Please do not hope that any advanced nation would be able to take over the current amount of investments lah. It has to be an ASIAN nation anyway because the biggest economy is about to start a trade war simply because it’s not competitive? That article is here in freemalaysiatoday.com
In brief, the article quoted a political analyst by the name of Qianye Zhang who said that it was also in the interest of Chinese investors to establish rapport with Malaysia’s opposition leaders. She further shared that Malaysian opposition politicians were only playing up nationalist sentiments when they questioned Chinese investments, and they were likely to break their promise as there was too much at stake as far as China, Malaysia’s largest trade partner, is concerned. She also said that Tun Mahathir had praised China’s economic miracle many times and would definitely welcome Chinese investments that benefit Malaysia. She concluded that Chinese investors do not need to worry too much about the upcoming election. What Chinese investors and companies should do is to establish and maintain connection with the opposition in order to reduce their own risks in the future. Here’s that full article for reference.
Okay, everyone can continue investing now. 🙂 By the way, before winning, anyone can claim anything but the government of the day, regardless of the party will definitely think twice when it comes to being unfriendly to the world’s second largest economy. Within the next 15 years, it may become the largest. Who knows if it’s faster? Remember, the only reason why Europe was so successful was also because they have an effective economic grouping with many advanced nations leading the lesser advanced ones. When they negotiate trade deals, they have power on their side. ASEAN + China will be more powerful actually. I found this quote by Abraham Lincoln, “Do I not destroy my enemies when I make them my friends?” Happy buying that property yeah.
written on 8 April 2018
Next suggested article: Managing risks, starting strong. (Think big, start small)