The sum marks the highest investment commitment from China to Malaysia, The Vibes reported. Anwar is currently on a three-day official visit to China, and the RM170 billion commitment was secured after 19 memoranda of understanding were signed between Malaysian and Chinese companies, as well as the round-table meeting with elite Chinese business leaders this morning.
Never in recent years have there been so many top-notch captains of industry assembled together,” Anwar said. “This is a new beginning for Malaysia. I am excited.”China has been Malaysia’s largest trading partner since 2009, and total trade between the two nations touched RM487.1 billion in 2022. China was also the top investor in Malaysia last year, contributing 21% of the RM264.6 billion investments the country approved in 2022.
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