Malaysia-China trade hits US$100bil

  • 📰 staronline
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 75%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

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 said the country’s foreign direct investment 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.

“We believe that with the passing of time and the synergy of all parties, the Belt and Road cooperation will definitely become deep and concrete, steady and extensive. Bai Tian added that ECRL is also back on track after friendly consultations and the China Railway Rolling Stock Corp has set its rolling stock plant in Perak, which has the highest technological level and largest production capacity among Asean countries.“These tangible results and achievements have earned the BRI adamant support from the Malaysian government and people, encouraging more and more people to devote themselves to China-Malaysia cooperation under the framework of BRI,” he said.

“We live in a global village nowadays. With cooperative initiatives like the BRI, we build roads, bridges, connect countries and promote mutual understanding.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines