MOUs will deepen M’sia-China growth, say trade groups

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MOUs will deepen M’sia-China growth, say trade groups
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SAN FRANCISCO (Reuters) - Intel's new CEO, Lip-Bu Tan, is streamlining the semiconductor giant's leadership team, with important chip groups reporting directly to him, according to a memo from Tan seen by Reuters.

PETALING JAYA: The inking of 31 Memoranda of Understanding and agreements between Malaysia and China will deepen cooperation in ­several crucial fields, say trade groups.

“It must focus on co-creating high-value industrial ecosystems that support both countries’ aspirations, aligning Malaysia’s New Industrial Master Plan 2030 with China’s innovation-­driven growth agenda,” he said. Such an arrangement would further enhance Malaysia as a strategic base for Chinese ­investors to tap into Asean and the regional market via the Regional Comprehensive Econo­mic Part­nership and ACFTA.

Small and Medium Enterprises Association Malaysia national president Datuk William Ng said the wide-ranging agreements marked a promising new era in Malaysia-China relations. “We welcome these MOUs, and we want to see them benefit the SMEs and the rakyat and not just a select group of GLCs,” he added.

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