Malaysia-China economic ties continue to strengthen with bilateral trade reaching nearly US$98 billion in the 11 months of 2024, matching the total trade volume for all of 2023. Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz highlights the 6.9% year-on-year growth and opportunities for further advancement. The foundation for the Malaysia-China 50-year partnership was laid centuries ago, with key milestones including reciprocal trade missions in 1971 and the establishment of diplomatic relations in 1974. Investment-wise, China has implemented 531 manufacturing projects in Malaysia valued at nearly RM80 billion, creating over 88,800 jobs. Malaysia has been a strong supporter of China's Belt & Road Initiative (BRI) since its launch in 2013.
Minister of Investment , Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz delivers his speech at the Malaysia-China Summit 2024 reception dinner in Kuala Lumpur December 18, 2024. — Bernama picas a first-time user . Exclusively for Malay Mail readers: Use codeKUALA LUMPUR, Dec 19 — Malaysia-China economic ties have continued to strengthen, with bilateral trade reaching nearly US$98 billion in the 11 months of 2024, matching the total trade volume for all of 2023.
“In 1971, reciprocal trade missions between Malaysia and China led to, among others, the export of 40,000 tonnes of Malaysian rubber for the Chinese market. “I must also highlight that Malaysia’s regard of China as a valuable partner went beyond bilateral ties at multiple critical junctures. “We then played an instrumental role in initiating the Asean Plus Three in 1997 and the East Asia Summit in 2005.
“This remarkable progress did not happen by chance. It was built upon centuries of positive interaction between past leaders, as well as the business communities. He said as the Chair of Asean in 2025, Malaysia intends to play its role in forging a better future for Asean and beyond.
MALAYSIA CHINA TRADE ECONOMIC TIES INVESTMENT BELT & ROAD INITIATIVE
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