New US initiatives seen amid rising Chinese dominance in Asian industry

The US has for decades been a significant ally and trading partner for Asean nations, including Malaysia, but this has changed in the last decade with the rise of China.

In 2008, the US was Malaysia’s second-largest trade partner with an export value of RM82.74 billion, while China was fourth – behind even Japan – with an export value of RM63.21 billion...