At the “Xinjiang is a Wonderful Land” dialogue today, Ouyang Yujing said China will make more investments in Malaysia for these economies in the next few years.

He said that China has made significant strides in the high-tech industry, particularly in developing 5G, artificial intelligence (AI), and alternative energy sources.

“There is also an increasing amount of Chinese high-tech investment flowing into Malaysia for collaborative production in these fields.

“Several projects involving Chinese new electric vehicles are being jointly produced in Malaysia, which provides good opportunities for enterprises from both countries,” he said.

He also pointed out that the bilateral trade between China and Malaysia has consistently been at the forefront over the past 50 years.

“China has been Malaysia’s largest trading partner for 15 consecutive years, while Malaysia is China’s second-largest trading partner in the Asean region,” he added.

According to Ouyang, the bilateral trade between the two countries has reached over US$117.5 billion in the first eight months of 2024, an increase of 10.8% compared with the same period last year.