Malaysia is optimistic about economic cooperation with China: Finance Minister Lim Guan
Dec 20, 2018 (China Knowledge) - Malaysian Finance Minister Lim Guan Eng has expressed his optimism regarding trade ties with China. He has said that, “the best is yet to come for the economic cooperation between China and Malaysia”; during a speech at the annual dinner of the Chinese Enterprises Association in Malaysia yesterday. As bilateral trade and investment between China and Malaysia continues to grow, economic cooperation between the two countries seem to strengthen and deepen over time.
China has been the largest trading partner of Malaysia since 2009. Besides that, China is the largest contributor and source of approved foreign direct investment (FDIs) in the Malaysia’s manufacturing sector. FDIs approved in the manufacturing industry has surged 250% year-on-year during the first nine months of this year.
Minister Lim has also reaffirmed the Malaysian government’s commitment and support to President Xi’s Belt and Road Initiative (BRI). The government will continue to participate actively in the BRI projects.
Besides that, the Malaysian government is will further consolidate existing ties with China and will work to maintain friendly relations.
Earlier, in August, Malaysian Prime Minister Mahathir had announced that his country will cease three mega projects related to BRI during his five-day visit to China. These multi-billion investments include The East Coast Rail Link, and Trans-Sabah Pipeline projects.
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