Xi Jinping looks for policy support for investments in Malaysia

Xi Jinping looks for policy support for investments in Malaysia

The Chinese president expresses interest in investing in new areas such as renewable energy, semiconductors and the digital economy.

Prime Minister Anwar Ibrahim and China’s President Xi Jinping reaffirmed their commitment to enhance economic relations between both countries. (PMO pic)
PUTRAJAYA:
China is looking forward to policy support for Chinese investments in Malaysia.

China’s President Xi Jinping said this includes investments in new areas such as renewable energy, semiconductors and the digital economy.

Wisma Putra, in a statement, said Xi shared this matter during a meeting held with Prime Minister Anwar Ibrahim – who is on a four-day official visit to China – at the Great Hall of the People, Beijing.

It said the Chinese president, during the meeting, emphasised China’s new paradigm of development, with its focus on high-quality investments and cooperation.

“All these would unlock new opportunities for much greater collaboration, particularly in trade and investment,” the statement said.

It said during the meeting, Anwar reaffirmed the strong economic relations between both countries, citing the burgeoning trade figures, flagship projects under the Belt Road Initiative such as the East Coast Rail Link, as well as the “Two Countries, Twin Parks” in Kuantan and Qinzhou.

He welcomed further Chinese investments and collaboration in new emerging sectors, including digital economy, agricultural modernisation, agricultural trade and renewable energy.

Anwar also encouraged China’s involvement in the Automotive High-Tech Valley in Tanjong Malim and expressed Malaysia’s willingness to export more to China, including in the agro-commodities sector.

Anwar also welcomed Tsinghua University in Beijing to set up its first branch campus in Malaysia and looked forward to concrete cooperation on TVET technical education and increasing the number of students from China in Malaysia.

On Myanmar, both leaders shared their great concern on the situation in the country, with Xi expressing China’s support for the Asean-led effort to address the Myanmar situation, including its support to alleviate the situation of the Rohingya in Myanmar and Bangladesh.

During the meeting, both Anwar and Xi agreed to build on their strong foundations by leveraging on the 10th anniversary of the establishment of the Comprehensive Strategic Partnership this year and the 50th anniversary of the establishment of diplomatic relations next year.

“In this vein, President Xi expressed his support for the Malaysian unity government’s ‘Malaysia Madani’ concept.

“For his own part, Prime Minister Anwar Ibrahim expressed support for the principles and values of President Xi’s global initiatives and his vision of a Community for a Shared Future for Mankind, including the proposal for a Malaysia-China Community for a Shared Future,” said the statement.

It added that Anwar extended an invitation to Xi to undertake a state visit to Malaysia.

Both leaders ended their meeting with an understanding to promote even more dialogues and interactions at all levels in enhancing further bilateral relations and addressing common challenges at the regional and international levels.

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