PM Mahathir: Malaysia may benefit from US-China trade war
Malaysian Prime Minister Mahathir Mohamad believes that Malaysia stands to benefit from the trade war between the US and China, even though the conflict has triggered concerns over a global economic slowdown.
Malaysian Prime Minister Mahathir Mohamad (Source: Xinhua/VNA)
KualaLumpur (VNA) – Malaysian Prime Minister Mahathir Mohamad believes thatMalaysia stands to benefit from the trade war between the US and China, eventhough the conflict has triggered concerns over a global economic slowdown.
The New Straits Times quoted the PM as saying that while the trade war couldhave a negative impact on Malaysia, there were certain advantages as the US’sloss in the Chinese market could open up opportunities for Malaysia.
The US’s inability to use China as a manufacturing base could see it turn toother countries, including Malaysia, he said, adding that Malaysia and other ASEANcountries must be prepared to handle the negative impact and adapt to change.
According to the Malaysian leader, ASEAN is not strong enough to tell China orthe US to stop this trade war as it will not benefit them.
ASEAN needs to find a way to adapt to the effects of the trade war in thisregion, so that its economy is not badly hit,” he said.-VNA
The Central Bank of Malaysia (BNM) has forecast that Malaysia’ economy will grow by between 4.3 and 4.8 percent this year, the country’s News Strait Times reported on March 24.
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Malaysian Prime Minister Mahathir Mohamad (Source: Xinhua/VNA) 
