000 02324cam a2200169 4500
100 1 _aLIM Guanie
700 _aLI Chen
700 _aJI Xianbai
245 _aChinese financial statecraft in Southeast Asia:
_ban analysis of China's infrastructure provision in Malaysia/
_cGuanie Lim, Chen Li & Xianbai Ji
260 _c2022
520 _aSince 2013, the Belt and Road Initiative has become China's signature foreign economic policy campaign. While there have been debates on the initiative's implementation and implications, an emerging consensus suggests that the export of capital-intensive infrastructure is a key driving factor of China's financial statecraft. For Southeast Asian countries, such Chinese efforts are useful in plugging their domestic infrastructure gaps, not least in the remote parts of their territory. Against this backdrop, this article examines arguably two of the most prominent Chinese infrastructure projects in Malaysia - the East Coast Rail Link (ECRL) and the Malaysia-China Kuantan Industrial Park (MCKIP). It posits three inter-related arguments. Firstly, unlike conventional analyses which commonly treat the Chinese state as a singular, unitary actor, both the central and provincial governments in China's multi-layer state structure have played important roles and demonstrated different characteristics in Chinese infrastructure overture towards Malaysia. Secondly, one observes contrasting patterns of well-coordinated state-business relations in the ECRL project versus loose, decentralised state-business relations driven largely by Guangxi province and market forces for the MCKIP. Thirdly, the implementation of both the ECRL and the MCKIP has been heavily constrained by the political-institutional environment of Malaysia as the host country, illustrating that Chinese financial statecraft, in the form of infrastructure provision, generates considerably less impact than what popular rhetoric suggests.
650 _aCHINA
_xFINANCIAL STATECRAFT
_xINDUSTRIAL PARKS
_zMALAYSIA
_xRAILWAY DEVELOPMENT
_zSOUTHEAST ASIA
773 _aThe Pacific Review :
_gVol. 35, No 4, July 2022, pp. 647-675 (103)
598 _aCHINA, MALAYSIA, SEASIA, ASIAPAC
856 _uhttps://www.tandfonline.com/doi/full/10.1080/09512748.2020.1868556
_zClick here for full text
945 _i67499.1001
_rY
_sY
999 _c41552
_d41552