Beijing, Kuala Lumpur set to expand cooperation

China and Malaysia — two strong supporters of economic globalization — will boost bilateral trade, broaden investment flows and create more jobs, as their enhanced partnership benefits from strengthened mutual trust and steady advances under the framework of the Belt and Road Initiative, said government officials and exporters.

As the world grapples with rising unilateralism and protectionism, they said the degree of interdependence between China and Malaysia remains stable in bilateral cross-industry trade, trade in services and supply chain development, especially in areas such as electronics, palm oil, renewable energy, the digital economy and logistics.

Zhang Jianping, deputy director of the academic committee at the Chinese Academy of International Trade and Economic Cooperation in Beijing, said that looking ahead, the two countries are expected to accelerate cooperation in both emerging and traditional sectors, including green technology, artificial intelligence and infrastructure connectivity.