Companies from China are confident of Malaysia’s unity government led by Prime Minister Datuk Seri Anwar Ibrahim due to his openness to Chinese investments and a 20% increase in trade between the two countries is expected this year compared with 2022, according to the Malaysia-China Chamber of Commerce .
On the unity government under the leadership of Anwar, Lim said feedback MCCC received from businessmen in China is positive and they are confident of his governance due to the premier’s decision not to cut any existing contracts with China such as the East Coast Rail Link and Two Countries, Twin Parks.
“The economy is improving, this is important for Malaysia. From our side, we hope our prime minister will help stabilise the government, then the economy will continue to improve,” remarked Loo. Meanwhile, the Chinese ambassador to Malaysia, Ouyang Yujing, who was present at the event, said China will continue to encourage its enterprises to increase investments in Malaysia to help boost its economy and upgrade its industrial structure. He reckoned that business groups coming to Malaysia in 2023 will surpass pre-Covid pandemic levels.