China in Malaysia, 1st ed. 2020 State-Business Relations and the New Order of Investment Flows

This book examines state-state relations and new forms of state business relations that have emerged with an increase in China?s foreign direct investments in Malaysia. Focusing on investments in the industrial sector and through in-depth case studies, this book adopts a novel framework to analyse these different types of state-business relations. These new forms of state-business relations are created from the different modes of negotiations between different key actors in each of the cases. Diverse outcomes were found, reflecting the disparate forms of power relationships and state cohesiveness with unique institutional architectures formed in each case. The book identifies a major shift in structural power in these new forms of state-business relations as China?s large multinational state-owned enterprises increasingly invest in Malaysia. A well-constructed institutional architecture is needed, not just in Malaysia but for other Southeast Asian countries, if foreign investments areto be harnessed to promote effective industrial development.

Demonstrates how the economic relations between China and Malaysia have fostered the rise of important novel and innovative forms of state-business relations (SBRs) Examines the role of Chinese and Malaysian states and the impact on the business links between different types of enterprises in Malaysia and China, including state-owned and private enterprises Includes a topography of 92 Chinese SOEs and private firms operating in Malaysia that have created different sorts of SBRs that can be classified as ‘state-state’, ‘state-state-private’, ‘state-private’ and ‘state-private-private’ Includes in-depth case studies detailing their emergence, evolution and their outcomes, including especially their impact on the economic development of Malaysia