Anwar wraps China visit with RM36.8b in trade, investment pledges
HANGZHOU, Sept 25 — Prime Minister Datuk Seri Anwar Ibrahim's three-day working visit to Shanghai and Hangzhou...
Malaysia's Prime Minister, Anwar Ibrahim, concluded a three-day official visit to China, Shanghai and Hangzhou, with a trade and investment pledge totaling RM36.8 billion. This visit, the first of its kind under the MADANI Diplomacy approach, aimed to strengthen strategic relations between the two countries and explore new opportunities for economic cooperation.
During the visit, Malaysian and Chinese companies committed to investing a combined RM28.6 billion in sectors such as semiconductors, AI, robotics, EVs, battery materials, advanced optics, biotechnology and advanced manufacturing. Additionally, the visit resulted in a potential RM8.2 billion in exports to China over the next one to three years.
The Prime Minister emphasized that the relationship between Malaysia and China has evolved beyond traditional diplomatic ties, now based on mutual trust, sincerity and confidence. He highlighted the importance of the bilateral relationship in bringing prosperity and benefits to both nations, noting that China is Malaysia's largest trading partner for the 17th consecutive year, with bilateral trade reaching US$113.82 billion (RM456.68 billion) for the period January to August 2022.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
