China-Malaysia Trade, Investments Will Reach New Heights, Ambassador Says | Money

A Malaysian flag flies next to a Chinese flag in Tiananmen Square in Beijing on August 19, 2018. – Reuters pic

SEPANG, November 1 – China is optimistic that its trade and investment with Malaysia will reach new heights in the post-pandemic era, said Chinese Ambassador to Malaysia Ouyang Yujing.

In light of the 12th Plan Malaysia, China stands ready to work with Malaysia to strengthen trade and investment cooperation, harness the potential of cooperation in emerging areas, and promote the economic integration of China and China. Malaysia towards common developments for the two countries, he mentioned.

Potential areas for cooperation include the digital economy, the electrical and electronics industry, high tech and cybersecurity, he said.

“As an important hub of the 21st century Maritime Silk Road, Malaysia enjoys a strategic location and a healthy business environment.

“We are willing to share our experience of openness and development with Malaysia, to continue to deepen practical cooperation, strategic synergy and planning cooperation, to promote economic recovery and social development at the post-pandemic era.

“We are supposed to turn the crisis into an opportunity, which will take our cooperation to the next level and produce valuable and remarkable results,” he said at the launch of the electronic global commerce platform (eWTP) Cainiao Aeropolis here today.

Ouyang said the volume of bilateral trade between China and Malaysia and China’s non-financial investment in Malaysia increased unexpectedly by 43.9% and 76.3%, respectively, in the first half of this year.

China has also remained Malaysia’s largest trading partner for 12 consecutive years, as well as the largest source of foreign direct investment in Malaysia’s manufacturing sector for five consecutive years, he said.

“Our two countries have always focused on deepening collaborations encompassing various fields, including industrial parks, infrastructure construction, equipment manufacturing, ICT (information and communication technologies) and ‘Digital Economy.

“The signing of the Regional Comprehensive Economic Partnership has given new impetus to the economic development of the Asia-Pacific region, which will also bring new areas, new models and new business formats for our pragmatic cooperation.

“It will also play a leading role in promoting economic recovery and long-term prosperity,” he said.

Ouyang said that China and Malaysia will further strengthen their cooperation under the Belt and Road Initiative, deepen the synergy between development strategies, promote new growth engines and create new strengths in the region. Cooperation.

The two countries would also use the benefits to further enhance their bilateral economic cooperation, he added.

China and Malaysia have had bilateral relations for the past 47 years, with growing mutual political trust, steady progress in economic cooperation, and increasingly close people-to-people exchanges and friendships. – Bernama

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