Malaysia is perfect base for China exporters, says finance minister

📆 08/08/2019 07:44:00
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'For China-based exporters affected by the trade war, Malaysia is clearly a base that you need,” said Malaysian finance minister Lim Guan Eng.

KUALA LUMPUR, Aug 8 ― Malaysia's access to major world markets such as the US and Europe makes it the perfect location for China-based exporters to relocate, Lim Guan Eng said today.

“This is an important point at the time when the global supply chain is being reoriented due to trade flows either in the Pacific driven by the US, or in the Atlantic driven by the UK. He said that the boost was powered by a 127 per cent increase in approved manufacturing FDI worth RM20.2 billion from RM8.9 billion in the same quarter last year.

Last year saw Malaysia's trade with the Asian superpower hit RM313.8 billion, which was a record breaking amount between the two nations. Data on Malaysia's approved FDI showed that Putrajaya is lagging behind Vietnam, Indonesia, Thailand and the Philippines in attracting Chinese investors.

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