US-China trade war benefits Malaysia, says Mahathir
LANGKAWI: Malaysia is likely to benefit from the trade war between China and the United States in terms of attracting foreign investors, says Prime Minister Tun Dr Mahathir Mohamad.
He said policies implemented in this trade war would benefit investors who could not invest in certain countries, thus benefiting countries that were not involved.
“We are not involved (in this trade war) and there is a possibility those (investors) who cannot go to certain countries, they will come here,” he said at a media conference here yesterday.
The trade war between the two superpowers accelerated on Wednesday when the US administration upped the ante by recommending a 25% tariff on imports from China worth US$200bil (RM1 trillion).
Asked if Malaysia was ready to face an influx of foreign investors following the trade war, Dr Mahathir said: “(For) foreign investment, we are always ready.”
At the media conference, Dr Mahathir also called on supporters of Pakatan Harapan not to take it easy in the by-elections that would be held in Selangor despite having won the 14th General Election.
“If they do that, there is a possibility Pakatan Harapan will lose. That’s why we ask the voters to go out and vote,” he said.
Commenting on Barisan Nasional’s decision to give way for PAS to contest in the Seri Setia state constituency in Selangor, he said it proved that a pact had taken place between the two opposition parties.
“We know for sure they are not separate parties. In front of us, they are segregated but in actual fact, they are one party,” he said.
Earlier, Dr Mahathir, who is also Langkawi MP, officiated the Langkawi Nature Park, a nature park that featured over 80 species of fauna from within and outside the country.
He said the island still had enough land to be used to start such a project and some Malaysian companies had demonstrated the capability to implement it. — Bernama