Potential exports to China worth over RM3bil secured


BEIJING: Potential exports worth RM3.2bil has been generated from Prime Minister Datuk Seri Anwar Ibrahim’s working visit to China, says Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Aziz.

He said this was achieved during the meeting with 24 companies from various sectors, including semiconductor, aerospace, automotive and medical devices.

Malaysia has also secured some investments from China and the amount will be announced at a later date, he added.

“We do not have a figure that can be announced (for now). A lot of the projects are in the final stages and there are those which are still in discussion.

“Generally, it points to higher growth for this year,” he told Malaysian media yesterday, Bernama reported.

Earlier, Anwar also held a business meeting with China International Capital Corp, a state-owned multinational investment management and financial services company.

China has been Malaysia’s largest trading partner for 15 consecutive years since 2009.

In 2023, total trade with China was valued at RM450.84bil, representing 17.1% of Malaysia’s global trade.

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