Chinese President Xi Jinping (right) and Malaysian Prime Minister Anwar Ibrahim at their meeting in Beijing on March 31, 2023.(Photo: Xinhua/VNA)
During his visit to China from March 30 to April 1, Anwar witnessed the signing of 19 memoranda of understanding (MOU) between Chinese businesses and Malaysian partners.
Speaking at the Malaysia-China Business Forum 2023 on April 1, Anwar thanked investors for their cooperation and giving Malaysia confidence.
He urged Chinese investors and business leaders to leverage the strong bilateral ties and seize the vast opportunities being offered by the current government to invest in Malaysia.
China remains Malaysia’s largest trading partner for 14 consecutive years, with total trade of 110.6 billion USD in 2022.
China was the biggest foreign direct investor in Malaysia last year, with investments amounting to 12.5 billion USD.
According to statistics from Malaysia’s Foreign Affairs Ministry, total exports to China increased 9.4% to 210.62 billion RM (47.84 billion USD) in 2022, while total imports from China stood at 276.50 billion RM (62.78 billion USD) in the same year, or an increase of 20.7% compared to the previous year./.
