Photo: AFP/NurPhoto/CFOTO
Eurasia
15/03/2024 08:35
China’s auto sales rose 11.1 percent year on year to nearly 4.03 million units in the first two months of this year, data from the China Association of Automobile Manufacturers showed Monday.
Auto sales reached about 1.58 million units in February, down 19.9 percent from the same period a year ago.
There are many aspects of the Chinese economy that are interesting. The most striking thing about the economy from a Western perspective is that while the Chinese economy is a market-based economy insofar as prices are set by the market, investment in China remains tightly controlled by the government.
The West's response to the challenge of a rising China is bloc formation, which is not in the interest of smaller countries. It would be advisable to change the sanctions regime and focus on mutually beneficial, win-win cooperation.
Malaysia's geopolitical neutrality and strategic positioning are key selling points to multinational semiconductor companies looking for investment destinations.