Malaysian State Cashes In on U.S.-China Trade Tensions

(Straits Times) — The U.S.-China trade war is providing tailwinds for Malaysia’s southern state of Johor, as it is set to record approved investments worth nearly 70 billion ringgit ($15.8 billion) for 2022, surpassing the leading industrial hubs of Selangor and Penang.

These investments are primarily from multinational companies seeking to diversify their operations to other countries as they adopt a China-plus-one strategy amid the trade war, said Johor’s State Investment, Trade and Consumer Affairs Committee chairman, Lee Ting Han.