From its experience of centuries-long colonization to dealing with decades-long Cold War politics, Malaysia is no stranger to navigating major power competition, which it sees as a recurring reality in international politics. Today’s U.S.-China rivalry is just the latest round — it is not the first and it will not be the last. Still, it is important to consider how U.S.-China competition impacts Malaysia and how it, like other small and secondary states in the region, seeks to exercise agency. Even as this major power rivalry intensifies and limits the country’s space for maneuvering, Malaysia insists on employing “equidistant diplomacy” to hedge against multiple risks and cultivate long-term options.