Liow: Strong economic growth expected for Malaysia due to Belt and Road initiative

  • Nation
  • Sunday, 11 Feb 2018

KUALA LUMPUR: Malaysia is set to experience stronger economic growth this year thanks in part to the Belt and Road collaboration bilateral initiative with China.

Transport Minister and MCA president Datuk Seri Liow Tiong Lai (pic) said the party supported Prime Minister Datuk Seri Najib Tun Razak's economic transformation programme to further boost the local economy.

"We were among the earliest countries to support this initiative and now we can actually harvest the investment relations that we built under it," he said after a central committee meeting at Wisma MCA here on Sunday (Feb 11).

Liow said the trade volume between the two countries stood at about RM10bil per month since 2017 and China is set to continue the trend of investing in Malaysia.

"As you can see, our trade with China has been about RM10bil every month since 2017.

"We are positive under this Belt and Road collaboration initiative, relations between Malaysia and China – with MCA taking the lead role – will be able to drive a strong economy this year," he said.

He also noted that he recently had a good discussion with China's leadership on various issues including the export of uncleaned birds' nest and Malaysia's famous Musang King durian variety.

"We are also looking forward to export many more of our products to China," he said, adding that China was willing to increase its imports of palm oil.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 0
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Nation

Police must receive reports regardless of how person is dressed, says former IGP
MPs need to maximise resources to help constituents, says minister
Floods: All Penang relief centres closed, improving in Johor, Sabah
Covid-19 Watch: 202 new cases, says Health Ministry
Portion of Stadthuys in disrepair comes under Federal Govt, says Melaka mayor
Johor Baru police announce road closures for Thaipusam
Food warehouse in Penang razed in fire.
INTERACTIVE: Vows and wows during Thaipusam
Number of Chinese tourists lower than expected
Doctor cheated of RM94,000 by online boyfriend

Others Also Read