International Trade and Industry Minister Tengku Zafrul Abdul Aziz says China's move to reopen its borders will help Malaysia's exports and economy. – The Malaysian Insight file pic, January 5, 2023.
“The move will help our exports and economy. Domestically, efforts focusing on environmental, social and corporate governance principles in key sectors, enhancing the ease of doing business, and moving up on the value chain in sectors that we are strong in will also help cushion the impact of global economic headwinds.
For the first nine months of 2022, the nation’s economy expanded by 9.3%, he said, adding that the country registered a 14.2% gross domestic product growth in the third quarter of 2022 amid robust domestic and external demand as well as an improved labour market.
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