Published in South China Morning Post on Tuesday, 12 January, 2016, 12:08pm.
China’s investment in embattled 1MDB throw Malaysian Prime Minister a lifeline – but carry a hidden price tag
Purchase of multi-billion-dollar assets also buy China leverage in a country where race relations are in a delicate state
By Amy Chew
China’s investment forays into Southeast Asia, even as it presses on with its South China Sea reclamation works are well-known. But recent acquisitions in Malaysia have taken on an unusually high profile in a country with race relations in a delicate state, and where the Chinese are a significant minority.
In the space of less than two months, China has bought two multi-billion-dollar strategic assets from Malaysia’s debt-laden state-owned investment firm, 1Malaysia Development Berhad (IMDB), expanding its influence in the country while throwing a lifeline to embattled Prime Minister Najib Razak.
Read full article here.