China firms positive on Malaysia

At the signing ceremony. Seated from left: Debao Property Development Ltd president Yuan Le Sheng, GD Development founder Datuk Yeat Sew Chuong and Fugland Group president Chen Guang Ming. The event is witnessed by Wee (centre), Malaysia-China Friendship Association president Datuk Abdul Majid Ahmad Khan (left) and GD Development executive director Frederick Ng.

KUALA LUMPUR: The move by developers from China to turn to Malaysia to expand their businesses reflects their confidence in the country’s administration and its sound economy, says Minister in the Prime Minister’s Department Datuk Dr Wee Ka Siong.

He said that apart from eyeing Iskandar Malaysia in Johor, they were also exploring various development opportunities nationwide, adding that the latest signing by three property developers from China for a development project in Nilai proved Malaysia’s attractiveness.