Malaysia-China trade recorded 34.5% increase in 2021, says Dr Wee

PETALING JAYA: China is Malaysia's largest trading partner for the 13th year in a row with US$178.6bil in trade recorded in 2021, an increase of 34.5% compared with the previous year, says Datuk Seri Dr Wee Ka Siong.

"The country recorded RM87.4bil of foreign direct investments (FDIs) in the first half of 2022, including RM48.6bil or 55.61% from China," said the Transport Minister in a Facebook post Thursday (Sept 8) after launching the oath-taking ceremony of the 13th Malaysia-China Chambers of Commerce (MCCC) committee.

"I congratulate the new team led by Loo Kok Seong and am confident they will play an important role to increase the trade prospects between both countries in the future," added the MCA president.