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Malaysia ‘very open for business’ with China, says deputy trade minister

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Malaysia ‘very open for business’ with China, says deputy trade minister.

KUALA LUMPUR, Feb 28 — The recent revival of negotiations for the deferred multi-billion ringgit East Coast Rail Link project indicates Malaysia under the Pakatan Harapan government is still very keen to continue business with China, Ong Kian Ming said.

Ong was reported saying Malaysia-China trade grew about 8.5 per cent last year, topping the 6.2 per cent increase in Malaysia’s total international trade. “What we want to have is greater clarity, not just on the cost of construction but also the cost of operations... we want to be able to come to a win-win solution,” he told the Hong Kong paper.

“China has been Malaysia’s largest [foreign direct investment] country of origin for the past three years, and we are looking for that to continue in the foreseeable future.”

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