News Formal

Malaysia is perfect base for China exporters, says finance minister

  • 📰 YahooSG
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 71%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

'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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European stocks lower as China holds fire in currency spatLONDON: European stock markets ended lower on Tuesday (Aug 6), giving up early gains made after Beijing appeared to hold fire in its conflict with ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »