Malaysia secures RM170bil investments from China through 19 MOUs

BEIJING: Malaysia has clinched a record RM170bil worth of investments from China with 19 memorandums of understanding signed on Saturday (April 1), says Datuk Seri Anwar Ibrahim.

The Prime Minister made the announcement at the close of the Malaysia-China Business Summit in Beijing.

He said among the highlights would be the development of an high-technology automotive valley in Tanjung Malim focusing on new energy vehicles.

Anwar said these deals are a huge boost to the Malaysia-China economic relationship.

He held a session earlier with about 50 Chinese captains of industry where he pitched Malaysia's advantages.

Anwar's maiden visit to China as Prime Minister was backed by a 200-member trade delegation from Malaysia.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Nation

Viral video of broken down lifts at Melaka Hospital does not tell the whole story, says exco rep
Eight-year-old boy feared drowned in Tanjung Malim river
Cops wrap-up investigation into Dr M over Malay Proclamation campaign
Retailers reminded not to hoard sugar, impose conditions on buyers
Kota Kinabalu caterer loses over RM23,000 in business deal scam
Good relationship between states and Federal Government vital for development, says Ahmad Zahid
Local man, three foreigners nabbed for misappropriating RM7,500 worth of diesel
Teen girl nabbed for faking own kidnapping to extort father
Zahid thanks S'wak Premier for confirming attendance at Umno general assembly
Health Ministry scrutinising manpower shortage issue, says Dr Zaliha

Others Also Read