Chinese firms create 73,000 jobs in Malaysia, invest in 422 projects

PETALING JAYA: As of end-2018, Chinese companies have invested in 422 projects in the manufacturing sector in Malaysia, creating about 73,000 jobs since the Belt and Road Initiative (BRI) was introduced.

Chinese foreign direct investment in manufacturing in Malaysia had grown more than four times in the past five years which made China, the largest source of foreign investment for three consecutive years, according to China’s Ambassador to Malaysia Bai Tian.

 “The Belt and Road will become a road of peace and prosperity, while opening up green development, innovation, connecting civilisations and a clean government,” he said at the Malaysia-China Outlook Forum 2019.

China-Malaysia Qinzhou Industrial Park and the Malaysia-China Kuantan Industrial Park (referred to as “Two Countries Twin Parks) are among the projects they worked on together with the Gemas-Johor Bahru Railway which were advancing steadily.

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