Expect influx of investment with ECRL revived, says China Ambassador - Nation - News Summed Up

Expect influx of investment with ECRL revived, says China Ambassador - Nation


KUALA LUMPUR: Malaysia can expect an influx of investment from China now that the new deal on the East Coast Rail Link has been signed and the project will resume next month, says China's Ambassador to Malaysia Bai Tian. He also said China would encourage its companies to buy more Malaysian palm oil and palm oil-elated products. "Malaysia is an ideal place for Chinese investments. There is a long queue of Chinese investments outside the MIDA office," he said. Last year, Chinese manufacturing investments in Malaysia totalled about RM20bil, and was the biggest industrial FDI into the country.


Source: thestar April 18, 2019 06:11 UTC



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