Positive News about the Rest of South East Asia’s Relations with China, October 18, 2023

A Montage of Positive News of the Relations of other SEA Countries with China

Malaysia is pursuing more strongly its De-Dollarization efforts as a Chinese Company is developing a new Industrial Park for Electric Vehicles (EV) there; China added a new stop in Thailand for its Sea Route to the Persian Gulf; Chinese and Singaporean Legislators met recently to improve “Political Trust";  and others; And China starts its Cold-Chain Freight Train operations to Laos and Vietnam in this Edition of the rest of South East Asia’s Relations with China Series - “Positive News about the Rest of South East Asia’s Relations with China, October 18, 2023”

* October 10, 2023: Malaysia now pushing more strongly towards lessening its reliance on the United States (US) Dollar (or the so-called “ De-Dollarization”) as it will now use more of its Local Currency, the Malaysian Ringgit, when trading with China, its largest Trading Partner, and also with Thailand. This was announced by no less than the Prime Minister of Malaysia, Anwar Ibrahim himself during his recent Speech to the Malaysian Parliament: https://www.scmp.com/news/asia/southeast-asia/article/3237402/malaysia-makes-aggressive-ringgit-push-china-trading-slash-reliance-us-dollar

* October 11, 2023: China recently added a Monthly Stop in Thailand for its Route to the Persian Gulf from its Port in Guangzhou to meet the increasing demand for China-made Cars in Thailand. This means even more Trade between the two Countries on top of their already large Trade Volumes: https://www.chinadaily.com.cn/a/202310/11/WS65267456a31090682a5e7f71.html

* October 11, 2023: The Chinese Carmaker "Zhejiang Geely Holding Group Company, Limited"is partnering with a Malaysian Company to develop the Automotive High Technology Valley (AHTV) Project in Perak, Malaysia. The Project will be the Location for Manufacturers or Components and Parts of New Energy Vehicles (NEV): http://www.china.org.cn/world/Off_the_Wire/2023-10/11/content_116738641.htm

* October 13, 2023: A Delegation of Chinese Legislators visited the Parliament in Singapore recently where both Sides agreed to enhance Political Mutual Trust, expand Win-Win Cooperation to deliver Mutual Benefits and deepen Practical Cooperation in various Fields including Green Development and Digital Economy: https://www.thestar.com.my/aseanplus/aseanplus-news/2023/10/13/chinese-and-sporean-lawmakers-promise-to-strengthen-cooperation

* October 16, 2023: China just started its Cold Chain Freight Train Operations to Laos and Vietnam recently. One Route will be Daily from Yuxi City in the Yunnan Province of China to Vientiane, the Capital of Laos. The second Route will be Weekly also from Yuxi to Lao Cai in Vietnam. Each Trip takes about a Day to complete:  https://english.news.cn/20231016/0960e4fb65e046319e1046c120cc5e75/c.html

SOURCES: 

* Malaysia makes ‘aggressive’ Ringgit push for China trading to slash reliance on US Dollar {Archived Link}

* Guangzhou Port adds new Stop in Thailand to meet demand for Chinese Cars {Archived Link}

* Malaysia's DRB-Hicom partners with Geely to develop Automotive High-Technology Valley {Archived Link}

* Chinese and S’porean Lawmakers promise to strengthen Cooperation {Archived Link}

* China-Laos, China-Vietnam Int'l Cold-Chain Freight Trains begin Operation {Archived Link}

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