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.

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