China's commitment for record RM170 billion investments secured - PM Anwar

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Prime Minister Datuk Seri Anwar ibrahim on his final day of an official visit to China today announced that Malaysia has secured commitment over a record RM170 billion worth of investments from China. - Pic: BERNAMA

BEIJING - Malaysia has secured a record RM170 billion worth of investment commitment from China.

The amount, the biggest so far from China, is from a total of 19 memoranda of understanding (MoU) sealed between businesses in China and Malaysia.

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Prime Minister Datuk Seri Anwar Ibrahim said this showed the confidence of the investors in the country.

"We have achieved the commitment of RM170 billion in investments from China. I must thank the investors for giving their cooperation and for giving us confidence.

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"This is historic. It is good for Malaysia and the future,” he said when announcing the news at the Malaysia-China Business Forum, which was attended by some 1,000 business leaders from both countries, here today.

The Prime Minister is currently on the last of his three-day visit here to deepen the strategic bilateral political and trade relationship with China. - BERNAMA

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