The competition between China and Japan in Asian infrastructure market is about to reach climax. ANBOUND research team suggests that China should have objective understanding of the acceleration of Japan's investment in ASEAN countries. Malaysia has been a destination of Japan’s investment for a long time. And Japan has never obviously reduced its investment in Malaysia. The high level of Malaysian government and society approve of Japanese investment and enterprises. In recent years, China has made great efforts to enter ASEAN market, which makes the world believe that China is expanding the market in ASEAN with effort. While actually, in ASEAN countries, those people who pay much attention to China’s investment and cooperation strategies are ethnic Chinese.