Anwar: Malaysia secures potential investments exceeding RM28b from China visit
HANGZHOU: Malaysia secured potential investments exceeding RM28 billion following Prime Minister Datuk Seri Anwar Ibrahim’s three-day working visit to Shanghai and Hangzhou, which concluded today.
Malaysia secured potential investments exceeding RM28 billion during Prime Minister Anwar Ibrahim's recent three-day working visit to Shanghai and Hangzhou, concluding today. The investments were secured through meetings with 26 companies, including five major Chinese corporations. During business roundtable sessions, Chinese corporations emphasized their focus on high-impact sectors that could enhance Malaysia's industrial value chain.
Key sectors identified as holding immense potential include semiconductors, AI, robotics, electric vehicles, battery materials, advanced optics, biotechnology, health technology, medical devices, specialty chemicals, and advanced manufacturing. Anwar Ibrahim, who is also the Finance Minister, made the announcement at a press conference following the Malaysia Pavilion's inauguration at the fifth Global Digital Trade Expo (GDTE) in Hangzhou.
Other officials present included Investment, Trade, and Industry Minister Johari Abdul Ghani, Home Minister Saifuddin Nasution Ismail, Transport Minister Anthony Loke, and Malaysian Ambassador to China Norman Muhamad. The visit also saw Malaysia's participation in the 48th WorldSkills Shanghai 2026 and Anwar Ibrahim's meeting with the Chairman of the Cabinet of Ministers of the Kyrgyz Republic, Akylbek Japarov.
Most companies expressed strong commitment to expanding investments in Malaysia, driven by confidence in the government's stability and ongoing policy implementation. Business leaders noted that friendly ties between Malaysia and China are strong and progressing positively, with top Chinese leaders offering constructive encouragement and support for bilateral investments.
The advanced medical sector, particularly AI applications and microsurgical procedures, holds significant potential for deeper exploration in Malaysia. Anwar Ibrahim expressed deep admiration for the rapid advancements in China's medical technology, particularly its successful restoration of sight for thousands of blind or visually impaired patients, highlighting this high-value sector as one deserving thorough examination to leverage cutting-edge technology for Malaysia's national development.
Environmental technologies, pollution control, and meteorological research were also identified as offering broad opportunities for bilateral cooperation and investment.
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