Charge d'Affaires of the China Embassy in Malaysia Zheng Xuefang (pic) delivers his speech during the Belt and Road Symposium Malaysia (BRSM).(Photo: BERNAMA) The launch was made at the Belt and Road Symposium Malaysia (BRSM) 2023 in Kuala Lumpur on October 25, which aims to outline the course towards the collaborative development of Malaysia Madani and the Belt and Road Initiative (BRI).
The symposium also marked the inauguration of a Malaysia-China Belt and Road Institute (MCBRI) to foster academic collaboration between the two sides.
Addressing the event, Charge d’Affaires of the Chinese Embassy in Malaysia Zheng Xuefang said China is willing to jointly carry out a series of initiatives and embark on substantive progress towards achieving a China-Malaysia shared future vision.
The Malaysia Madani concept proposed by Prime Minister Datuk Seri Anwar Ibrahim chimes with the concept of a global community of a shared future proposed by Chinese President Xi Jinping, he stressed.
Through previous collaborations, he said fruitful results of bilateral BRI can be seen across various sectors, with China having continued to be Malaysia’s largest trading partner for the 14th consecutive year.
In 2022, China-Malaysia bilateral trade surpassed the 200 billion USD mark for the first time, to hit 203.6 billion USD. Chinese investments in Malaysia amounted to 12.5 billion USD in 2022, accounting for 33.9% of Malaysia’s total foreign direct investment (FDI).
Malaysian Deputy Prime Minister Fadillah Yusof said his country can draw invaluable insights from China’s experience in economic development, rooted in factors such as strong government commitment to economic growth, export-oriented manufacturing, a large and educated workforce, a thriving entrepreneurial culture, and attracting FDI.
He noted that both nations have achieved remarkable outcomes, including transformative projects like the East Coast Rail Link (ECRL), the “Two Countries, Twin Parks” initiative, and Alibaba’s Digital Free Trade Zone (DFTZ), which have yielded substantial economic and societal benefits./.
VNA
