Visitors view a scale model of the East Coast Rail Link during the launching of the train project in Kuantan, Malaysia, in 2017. Malaysia's government, in July 2019, announced the resumption of the China-backed project, which it had suspended the year before, after the Chinese contractor involved agreed to cut construction costs by one-third. Photo: AP
Jonathon Clifton
Opinion

Opinion

Macroscope by Jonathon Clifton

China’s outbound investments have hit a snag, but its M&A in Asia and Oceania show it’s still the face of globalisation

  • At first glance, China’s declining outbound investment appears to confirm the seeming retreat from globalisation. Yet, while M&A has declined in Europe and the US, look to its activity closer to home for a glimpse of the future

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Visitors view a scale model of the East Coast Rail Link during the launching of the train project in Kuantan, Malaysia, in 2017. Malaysia's government, in July 2019, announced the resumption of the China-backed project, which it had suspended the year before, after the Chinese contractor involved agreed to cut construction costs by one-third. Photo: AP
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