Malaysia-China Trade Value To Grow Stronger This Year - Special Envoy To China

KUALA LUMPUR, Oct 2 (Bernama) -- Malaysia-China trade is expected to grow stronger this year despite the global economic gloom, the US-China trade war and unstable currencies, said Malaysia Special Envoy to China Tan Kok Wai. “Last year, we also faced the same (more or less) issues, but we saw a substantial growth between the two countries whereby our (trade) value stood at US$108.6 billion. “… and for the first half of this year, Malaysia’s trade with China grew by 10.7 per cent to US$57.4 billion, a higher value in comparison with the first six months of 2018 (US$54.3 billion)...you can see the progress, (it) is very healthy and (in) upsurge (trend),” he told reporters here Wednesday. Meanwhile, Tan said in conjunction with China’s 70th anniversary of Communist party rule, the republic had expressed its willingness to import more goods from other countries, and Malaysia would be one of the countries to gain many benefits from China’s new opening-up policy. He said, for example, last year, China had successfully hosted the first China International Import Expo (CIIE) to encourage more foreign companies to export to China. “And with strong relations between the two countries, Malaysia will be invited (again) to set up Malaysia Pavilion in the upcoming CIIE, to be held from Nov 5-10 in Shanghai, to promote Malaysia products in China and this will give opportunities to our exporters to enter the huge market,” he added. -- BERNAMA