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Malaysia-China trade hits US$100bil

Malaysia-China trade hits US$100bil

PETALING JAYA: Bilateral trade volume between China and Malaysia has reached US$100bil and China has remained Malaysia’s biggest trading partner for 10 consecutive years.

China’s Ambassador to Malaysia Bai Tian (pic) said the country’s foreign direct investment (FDI) in Malaysia’s manufacturing sector has more than quadrupled over the past five years, being the largest source of foreign investment in the industry for three consecutive years.

“Malaysia is among the first countries to support the Belt and Road Initiative (BRI) and is also one with the most early harvests. Under the BRI, cooperation between China and Malaysia in various fields has expanded,” he said in his keynote address during the Malaysia-China Outlook Forum 2019 here yesterday.

Read more at https://www.thestar.com.my/news/nation/2019/07/09/malaysiachina-trade-hits-us100bil/#0krT1VUTcOteURI8.99



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