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The Dragon’s Spell: Malaysia follows Sri Lanka and others, says China ‘true friend’

The Dragon’s Spell: Malaysia follows Sri Lanka and others, says China ‘true friend’

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Virendra Pandit

New Delhi: Refusing to learn from the recent examples of Sri Lanka and other countries, who suffered in Chinese debt-traps, Malaysia has also discovered in Beijing a “true friend” and racing to embrace it.

Malaysian Prime Minister Anwar Ibrahim on Thursday rejected the notion that China’s dominance is to be feared, calling Beijing a “true friend” at the end of Premier Li Qiang’s Kuala Lumpur visit to mark 50 years of diplomatic ties between their countries.

While the leaders raised some contentious bilateral issues, Anwar said they discussed them as equal partners, as trusted friends. He didn’t give details but likely referred to the prickly issue of the ‘true friends’ overlapping territorial claims in the South China Sea, the media reported.

“People say, well, Malaysia is a growing economy. Don’t let China abuse its privilege and extort from the country. I said no. To the contrary, we want to benefit from one another, we want to learn from one another and we want to profit from this engagement,” Anwar told some 200 business leaders at a luncheon attended by Li.

He rebuked the propaganda that “we should cast aspersions and fear the dominance of China economically, militarily, technologically.
“We do not. We in Malaysia, having a neutral stance, have the resolve to work with all countries and with China,” he said, adding “We see Premier Li Qiang as a friend who would work together with us.”

Li, the first Chinese premier to visit Malaysia since 2015, flew in for a three-day visit on Tuesday on the last leg of a regional tour. Li, China’s No. 2 leader after President Xi Jinping, was also the first Chinese premier to visit New Zealand and then Australia in seven years.
The two leaders on Wednesday also agreed that China and other claimant countries in Southeast Asia should tackle the South China Sea dispute independently and properly through dialogue and cooperation, and via bilateral settlement.

The statement came amid concerns that the dispute could escalate tensions between the US and China. The US renewed a warning on Tuesday that it is obligated to defend treaty ally Philippines after Chinese forces seized two Philippine boats delivering food and supplies to a military outpost in a disputed shoal and injured several Filipino navy personnel.

Vietnam, Brunei, Malaysia, the Philippines, and Taiwan all dispute Beijing’s claims to almost the entire South China Sea. Malaysia’s government prefers diplomatic channels and rarely criticizes Beijing publicly, even though Chinese coast guard ships have sailed near Malaysia’s waters. This is partly to protect economic ties as China has been Malaysia’s top trading partner since 2009. Bilateral trade surged to USD 98.8 billion last year, accounting for 17 percent of Malaysia’s global trade.

At the luncheon, Li urged businesses to expand cooperation in emerging fields such as green development, digital economy, and artificial intelligence (AI).

“The journey of China and Malaysia over the past 50 years… is like an expedition where two people have joined hands and waded through mountains and rivers, and won a milestone full of achievements. It also marks the official beginning of the next journey full of hope,” Li said.

Premier Li was given a red carpet ceremonial send-off and an honor guard as he departed for home later Thursday.
The two countries renewed a five-year trade and economic cooperation pact on Wednesday and inked a rash of pacts to cooperate in various sectors.

The Trade Ministry said 11 more Memorandums of Understanding were signed between Malaysian and Chinese entities on Thursday that could bring in potential investment of 13.2 billion ringgit (USD 2.8 billion). These included proposed collaborations in high value-added sectors such as oil and gas, energy, education, agriculture, automotive, and utility services, it said in a statement.

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