Malaysia secures record RM170 billion investment commitment from China
Prime Minister Anwar Ibrahim says the country has secured RM170 billion worth of investment commitment from 19 memoranda of understanding signed between businesses in China and Malaysia. – Prime Minister’s Office handout, April 1, 2023.The amount, the largest so far from China, is from a total of 19 memoranda of understanding signed between businesses in China and Malaysia.“We have achieved the commitment of RM170 billion in investments from China.
Earlier, in his keynote address at the forum, Anwar urged Chinese investors and business leaders to leverage the strong bilateral ties and seize the vast opportunities being offered by the current government to invest in Malaysia. China remained Malaysia’s largest trading partner for 14 consecutive years, with a total trade of US$110.6 billion in 2022.
Anwar, who is also finance minister, said Malaysia’s position as the preferred investment destination has been solidified further with the presence of renowned Chinese companies such as Risen Energy, Huawei, Longi Solar, Bytedance, Jinko Solar, EVE Energy, Alliance Steel, Alibaba Group, Geely Auto Group, Xiamen University and many others.
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