Edited by: Sheera Abg Mansor
PETALING JAYA: Chinese companies invested in 422 projects in the manufacturing sector in Malaysia as of end-2018 and with about 73,000 jobs also created since the Belt and Road Initiative (BRI) was introduced.
China’s Ambassador to Malaysia, Bai Tian as quoted in Bernama said the Chinese foreign direct investments in manufacturing in Malaysia had grown more than four times in the past five years, while being the largest source of foreign investments in the sector for three consecutive years.
Bai Tian aspires for The Belt and Road to become a road of peace and prosperity, while opening up green development, innovation, connecting civilizations and a clean government.
Citing some examples, Bai Tian said the ‘Two Countries Twin Parks’ which is China-Malaysia Qinzhou Industrial Park and the Malaysia-China Kuantan Industrial Park and other projects such as the Gemas-Johor Bahru Railway were advancing steadily.
He added, the East Coast Rail Link is also back on track as China Railway Rolling Stock Corp has set up its rolling stock plant in Perak and Proton is now also on the verge of turning in a profit.