Berliner Boersenzeitung - China's Xi meets Malaysian leaders, vows to 'safeguard' Asia allies

EUR -
AED 4.089192
AFN 72.375297
ALL 90.522135
AMD 403.960011
ANG 1.992858
AOA 1022.158315
ARS 1721.026204
AUD 1.622555
AWG 2.004232
AZN 1.896276
BAM 1.949815
BBD 2.252143
BDT 139.432002
BGN 1.946144
BHD 0.421903
BIF 3345.395827
BMD 1.113462
BND 1.429654
BOB 13.263287
BRL 6.211445
BSD 1.118367
BTN 105.10238
BWP 15.342766
BYN 3.348417
BYR 21823.857856
BZD 2.249176
CAD 1.584629
CDF 2577.664591
CHF 0.923589
CLF 0.027839
CLP 1095.680494
CNY 7.427182
CNH 7.425395
COP 3684.47961
CRC 505.844995
CUC 1.113462
CUP 26.84037
CVE 109.927568
CZK 24.381701
DJF 199.118389
DKK 7.475084
DOP 67.831481
DZD 152.094503
EGP 59.632022
ERN 16.701932
ETB 179.434408
FJD 2.519208
FKP 0.83586
GBP 0.836605
GEL 2.8909
GGP 0.83586
GHS 13.095801
GIP 0.83586
GMD 82.395958
GNF 9907.543483
GTQ 8.545768
GYD 234.340672
HKD 8.735945
HNL 30.063268
HRK 7.537036
HTG 146.586749
HUF 365.29322
IDR 20242.407585
ILS 3.533294
IMP 0.83586
INR 104.319432
IQD 1695.380662
IRR 2122342.339778
ISK 136.788751
JEP 0.83586
JMD 177.493575
JOD 0.789402
JPY 177.191876
KES 144.72809
KGS 97.371816
KHR 4561.020051
KMF 492.150581
KPW 1002.115879
KRW 1485.881747
KWD 0.346409
KYD 0.931931
KZT 499.292895
LAK 25171.941393
LBP 100144.948857
LKR 371.665803
LRD 190.11472
LSL 18.333846
LTL 3.287764
LVL 0.673522
LYD 7.168994
MAD 10.909213
MDL 20.095683
MGA 5110.791458
MKD 61.532684
MMK 2337.98716
MNT 4012.309549
MOP 9.036082
MRU 45.114315
MUR 52.522235
MVR 17.145125
MWK 1939.229956
MXN 20.722015
MYR 4.535686
MZN 71.160941
NAD 18.334257
NGN 1498.887566
NIO 40.91944
NOK 10.621132
NPR 168.163054
NZD 1.993353
OMR 0.428136
PAB 1.118367
PEN 3.811298
PGK 5.008631
PHP 70.414184
PKR 309.295093
PLN 4.403453
PYG 6902.757521
QAR 4.076686
RON 5.344281
RSD 117.600504
RUB 92.249092
RWF 1654.606189
SAR 4.183295
SBD 9.008741
SCR 15.35965
SDG 669.749634
SEK 11.049609
SGD 1.42779
SHP 0.834335
SLE 25.503035
SLL 23348.749147
SOS 639.13239
SRD 41.806022
STD 23046.418134
STN 24.424807
SVC 9.785874
SYP 14477.234335
SZL 18.339705
THB 37.488059
TJS 10.27756
TMT 3.897117
TND 3.340082
TOP 2.680949
TRY 55.931898
TTD 7.58465
TWD 36.590149
TZS 2948.514585
UAH 50.865607
UGX 4562.993512
USD 1.113462
UYU 45.250693
UZS 13391.53277
VES 1002.662073
VND 28565.314355
VUV 133.411902
WST 3.103285
XAF 655.957
XAG 0.021085
XAU 0.000275170461
XCD 3.009187
XCG 2.015495
XDR 0.787276
XOF 655.957
XPF 119.331742
YER 263.331712
ZAR 18.432803
ZMK 10022.446406
ZMW 22.782589
ZWL 358.534353
SSP 6397.282577
MXV 2.32832
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

China's Xi meets Malaysian leaders, vows to 'safeguard' Asia allies
China's Xi meets Malaysian leaders, vows to 'safeguard' Asia allies / Photo: FAZRY ISMAIL - POOL/AFP

China's Xi meets Malaysian leaders, vows to 'safeguard' Asia allies

President Xi Jinping on Wednesday urged greater cooperation with Malaysia in the face of "shocks to the global order", during the Chinese leader's regional tour against the backdrop of a US trade war.

Text size:

"China and Malaysia will stand with countries in the region to combat the undercurrent of geopolitical and camp-based confrontation, as well as the counter currents of unilateralism, and protectionism," he said.

"And together, we will safeguard the bright prospects of our Asian family," Xi added during a speech in Malaysia's administrative capital Putrajaya.

Xi embarked this week on a Southeast Asia tour that has already taken him to Vietnam and will also include Cambodia, with Beijing trying to position itself as a stable alternative to US President Donald Trump's punitive tariff regime.

Malaysia premier Anwar Ibrahim said China has been "a rational, strong and reliable partner" amid the tariff turbulence.

His nation will "remain an unwavering and principled friend to China", Anwar said as he hosted Xi for dinner at his official residence.

Xi was welcomed to Malaysia by the country's king, Sultan Ibrahim, in a colourful ceremony at the golden-domed palace.

He later held talks with Anwar and witnessed the exchange of 31 cooperation agreements on sectors including emerging technologies, artificial intelligence, media and tourism.

"It's not just about friendship, it's about realigning the regional centre of gravity towards Beijing," said Khoo Ying Hooi from Malaya University.

The visit was a calculated move to "test the waters for regional solidarity at a time when US trade measures are disrupting global markets", said Khoo, an associate professor in the Department of International and Strategic Studies.

Malaysia is this year's chair of the Association of Southeast Asian Nations (ASEAN) regional bloc, whose members have been among the hardest hit by US tariffs.

- 'Implicit warning' -

Malaysia, Southeast Asia's third-largest economy, was hit with a 24 percent tariff.

ASEAN member Vietnam, a manufacturing powerhouse, was slapped with 46 percent tariffs and Cambodia -- a major producer of low-cost clothing for big Western brands -- was hit with a 49 percent duty.

The levies have been paused for 90 days but Trump has said no country is "off the hook".

"Regionally, Xi is likely to frame China as a partner in stability and development, not a hegemon," Khoo told AFP.

"At the same time, his message carries an implicit warning, that is: don't let Washington's tariffs or alliances undermine Asia's own regional cohesion," she said.

Oh Ei Sun, from the Pacific Research Center of Malaysia think tank, said Xi's visit is like "a group of friends huddling together for warmth against harsh weather".

China and Malaysia celebrated their 50th anniversary of diplomatic relations last year and enjoy robust trade ties, although Malaysia claims parts of the South China Sea over which Beijing has staked out near-blanket sovereignty.

China has been Malaysia's largest trading partner for 16 consecutive years. Bilateral trade accounted for 16.8 percent of Malaysia's global trade last year, according to the Malaysian foreign ministry.

Xi will travel on Thursday to Cambodia, one of China's staunchest allies in Southeast Asia and where Beijing has extended its influence in recent years.

(P.Werner--BBZ)