Does the belt and road initiative in the east coast of peninsular Malaysia create win-win partnership with China?
The China’s Belt and Road initiative (BRI) established by the President of the People’s Republic of China (PRC), Xi Jinping in 2013 has offered tremendous investment prospects to those countries along the land-based “Silk Road Economic Belt” and ocean-going “Maritime Silk Road”. In the Malaysian con...
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| Format: | Article |
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Journal of Arts and Social Sciences
2018
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| _version_ | 1796863553062305792 |
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| author | Thoo, Ai Chin Dan, Joon Chew Huam, Hon Tat |
| author_facet | Thoo, Ai Chin Dan, Joon Chew Huam, Hon Tat |
| author_sort | Thoo, Ai Chin |
| collection | ePrints |
| description | The China’s Belt and Road initiative (BRI) established by the President of the People’s Republic of China (PRC), Xi Jinping in 2013 has offered tremendous investment prospects to those countries along the land-based “Silk Road Economic Belt” and ocean-going “Maritime Silk Road”. In the Malaysian context, Malaysia and China have inked 14 business-to-business agreements and 16 government-to-government Memorandum of Understandings (MoU) in November 2016 amounting to approximately RM144 billion. By reviewing the literature of BRI, this paper identifies the two major projects in the east coast of peninsular Malaysia, namely East Coast Rail Link (ECRL) and Malaysia-China Kuantan Industrial Park (MCKIP), in particular. In addition, it also elaborates the benefits of these projects in helping to improve the economic and infrastructure; and to create more job opportunity in this region. Ultimately, through the initiative, Malaysia and China will be able to achieve the connectivity in policy, trade, finance and their people countries, followed by the realization of a “win-win” partnership for both countries. However, as BRI is still flawed in some ways, a few recommendations are made to ensure the people from this region as well as the country (Malaysia) are benefited from this initiative. |
| first_indexed | 2024-03-05T20:28:28Z |
| format | Article |
| id | utm.eprints-82275 |
| institution | Universiti Teknologi Malaysia - ePrints |
| last_indexed | 2024-03-05T20:28:28Z |
| publishDate | 2018 |
| publisher | Journal of Arts and Social Sciences |
| record_format | dspace |
| spelling | utm.eprints-822752019-11-20T01:53:16Z http://eprints.utm.my/82275/ Does the belt and road initiative in the east coast of peninsular Malaysia create win-win partnership with China? Thoo, Ai Chin Dan, Joon Chew Huam, Hon Tat HD28 Management. Industrial Management The China’s Belt and Road initiative (BRI) established by the President of the People’s Republic of China (PRC), Xi Jinping in 2013 has offered tremendous investment prospects to those countries along the land-based “Silk Road Economic Belt” and ocean-going “Maritime Silk Road”. In the Malaysian context, Malaysia and China have inked 14 business-to-business agreements and 16 government-to-government Memorandum of Understandings (MoU) in November 2016 amounting to approximately RM144 billion. By reviewing the literature of BRI, this paper identifies the two major projects in the east coast of peninsular Malaysia, namely East Coast Rail Link (ECRL) and Malaysia-China Kuantan Industrial Park (MCKIP), in particular. In addition, it also elaborates the benefits of these projects in helping to improve the economic and infrastructure; and to create more job opportunity in this region. Ultimately, through the initiative, Malaysia and China will be able to achieve the connectivity in policy, trade, finance and their people countries, followed by the realization of a “win-win” partnership for both countries. However, as BRI is still flawed in some ways, a few recommendations are made to ensure the people from this region as well as the country (Malaysia) are benefited from this initiative. Journal of Arts and Social Sciences 2018 Article PeerReviewed Thoo, Ai Chin and Dan, Joon Chew and Huam, Hon Tat (2018) Does the belt and road initiative in the east coast of peninsular Malaysia create win-win partnership with China? Journal of Arts and Social Sciences, 1 (2). pp. 98-105. ISSN 2590-4361 https://ruijass.com |
| spellingShingle | HD28 Management. Industrial Management Thoo, Ai Chin Dan, Joon Chew Huam, Hon Tat Does the belt and road initiative in the east coast of peninsular Malaysia create win-win partnership with China? |
| title | Does the belt and road initiative in the east coast of peninsular Malaysia create win-win partnership with China? |
| title_full | Does the belt and road initiative in the east coast of peninsular Malaysia create win-win partnership with China? |
| title_fullStr | Does the belt and road initiative in the east coast of peninsular Malaysia create win-win partnership with China? |
| title_full_unstemmed | Does the belt and road initiative in the east coast of peninsular Malaysia create win-win partnership with China? |
| title_short | Does the belt and road initiative in the east coast of peninsular Malaysia create win-win partnership with China? |
| title_sort | does the belt and road initiative in the east coast of peninsular malaysia create win win partnership with china |
| topic | HD28 Management. Industrial Management |
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