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Malaysian Perceptions of China Following the Asian Financial Crisis.
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Abstract:
This paper examines Malaysia's perception of China following the Asian Financial
Crisis. The Asian Financial Crisis, which occurred in 1997, resulted in a contraction in
Malaysia's GDP, which resulted in increased unemployment in Malaysia. China is a
rising economy. Several bilateral visits and trade missions meet both states to achieve
an advantageous economic position. Malaysia's decision to rely on China despite
historical events that had sparked tensions between the two countries. Despite
Malaysia's economic downturn, the country is taking swift action to address the issue.
During the crisis, Malaysia viewed Western countries as irresponsible and allowed the
situation to deteriorate, which later became the reason for Malaysia's relationship with
China. The crisis, however, has influenced Malaysian Chinese businesses to improve
their foreign policy and bilateral relations. This paper contends that Malaysia
recognizes the importance of its bilateral relationship with China in stabilizing its
economic development and social activity following the crisis.
Description:
Date:
2022-12
Authors:
Sigit
Twigivanya, Rachel Shannon
Publisher:
Faculty of Arts and Social Sciences, Universiti Brunei Darussalam
