Malaysia-China trade to hit record high

KUALA LUMPUR: The two-way trade between Malaysia and China is expected to hit a new record high this year with the implementation of the Regional Comprehensive Economic Partnership agreement, said Deputy Minister of International Trade and Industry Datuk Lim Ban Hong.

Lim said the trade is expected to grow despite the pandemic’s effects and the global uncertainty caused by geopolitical tensions, Bernama reported.

“The latest Chinese trade statistics revealed that Malaysia-China overall trade in the first eight months of 2022 reached US$131.2bil (RM595bil), growing 21.1% from the corresponding period last year,” he said.