New Chinese Capitalism and the ASEAN Economic Community



This chapter contextualizes the phenomenon of new Chinese capitalism against an understanding of the political economy of Southeast Asia and the role of Chinese capitalism with the diaspora Chinese. It then discusses the regional architecture of the Association of Southeast Asian Nations (ASEAN) Economic Community (AEC) and its implications for the preexisting and deeply ingrained politico-economic relations prevalent in Southeast Asia. Using examples of both private and state-sanctioned Chinese investments in Malaysia, Indonesia, and Singapore, the chapter delineates the geographical and sectoral distributions of Mainland Chinese outward foreign direct investment and demonstrates how those Chinese enterprises make an inroad into the ASEAN and with whom they have collaborated in such endeavors.


Chinese capitalism AEC Chinese investments Chinese enterprises ASEAN 


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Copyright information

© The Author(s) 2019

Authors and Affiliations

  1. 1.Public Policy and Global Affairs and Chair of the School of Social SciencesNanyang Technological UniversitySingaporeSingapore
  2. 2.Lee Kuan Yew School of Public PolicyNational University of SingaporeSingaporeSingapore

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