Malaysia-China bilateral trade sets new record

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Growth at 14.2 pct to US$124 billion in 2019 from US$108.6 billion in 2018.

Malaysia and China have set a new record in bilateral trade, registering a 14.2 percent growth to US$124 billion in 2019 from US$108.6 billion in 2018.

“We believe that with the encouraging investment atmosphere and friendship with Malaysia, we will continue to work closely and create greater awareness on investment opportunities in Malaysia,” he told a press conference after a memorandum of agreement signing ceremony in Kuala Lumpur today.Meanwhile, International Trade and Industry Minister Darell Leiking said the CSC acts as a single window focusing on attracting high-technology, high-value and high-impact investments from China.

Earlier during the InvestKL’s Economic Outlook 2020 panel discussion, he said Malaysia should also be tapping into the agriculture, automotive and information and communications technology sectors to strengthen the country’s competitiveness and improve the supply chain in the respective sectors.

 

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