Saturday, August 19, 2017 - 23:52:11

Malaysia-China bilateral trade hits almost 51 billion USD

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Two-way trade between Malaysia and China recorded a year-on-year double-digit growth of 15.7 percent to 50.91 billion USD in the first half of 2013, according to Malaysia 's news agency Bernama.

The news agency quoted China-ASEAN Business Council Executive Vice Secretary-General Xu Ningning as saying that in the first six months of this year, Malaysia's exports to China increased 3.6 percent year-on-year to 28.74 billion USD while importing from this country goods worth 22.17 billion USD, up 36.4 percent compared to same period last year.

Xu said this at a media briefing after the release of the second China-ASEAN Bidirectional Recommended Famous Brands list in Beijing on July 30.

He said the event aims to enhance enterprise development between China and ASEAN countries with a focus on healthy growth in bilateral trade.

A total of 50 Chinese and 50 ASEAN companies, including 21 from Malaysia , are on the second China-ASEAN Bidirectional Recommended Famous Brands list.

The first list included 60 Chinese companies and 45 ASEAN ones. The Chinese firms operate in food, medicine and health products, instrumentation, building materials and cement, while the ASEAN ones in jewellery, beer, coffee, fishing gear, condiments, logistics and banking services.-VNA
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