KUALA LUMPUR: Malaysia and China have laid the groundwork for increased investment and trade that could enhance the economies of both countries, says Prime Minister Datuk Seri Anwar Ibrahim.
"We believe that a stronger bond and strategic, comprehensive relations with China will help not only Malaysia but the region immensely, and we will continue to embark on that policy," Anwar said.
He was speaking at the 17th World Chinese Entrepreneurs Convention.
In his speech, Anwar robust trade and investment activities underpin Malaysia-China ties.
He added that China has been Malaysia's largest trading partner for 15 consecutive years.
"And for 2023, China was the fifth largest foreign investor.
"With the ongoing trend and the recent visit by Premier Li Qiang in June this year, the enduring friendship and mutual respect between Malaysia and China have been reaffirmed," he added.
Anwar said Malaysia and China are collaborating on several initiatives including the Five-Year Programme for Economic and Trade Cooperation and the Memorandum of Understanding on Strengthening Investment Cooperation in Digital Economy and Green Development.
He also said Malaysia's relationship with China extends beyond traditional investment policies and practices to include sectors like tourism.