BEIJING : Inquiries by Chinese companies for factory and office space in Malaysia have spiked since Americans voted for Donald Trump to return to the White House, driven in part by his campaign pledge to slap 60 per cent tariffs on Chinese goods.
South-East Asia nations are preparing for more turbulence ahead after Trump said a blanket tariff regime would be levied at 10 per cent on all imports. “The US election results will drive new growth in Chinese business investment in Malaysia and South-East Asia,” Kashif Ansari, Group CEO of real estate firm Juwai IQI, told This Week in Asia.
The report also noted that nearly all Chinese investments so far this year have gone into building new facilities, marking a significant shift from pre-pandemic trends. Ten Wee Seong, CEO of Seri Pajam Development, the developer of the SPD Tech Valley industrial estate in Negeri Sembilan, reported “significant interest from Chinese companies” in sectors such as semiconductors, electronics manufacturing, and renewable energy.
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