There is a long queue of Chinese investments outside the Malaysian Investment Development Authority (Mida) office,” he said, adding that Malaysia was an ideal place for Chinese investments. Bai Tian added that future Chinese investments would meet Malaysia’s economic development needs, with the high-tech industry being a key area. “We are keen to increase the Malaysian palm oil trade and have been encouraging our companies to buy more Malaysian palm oil and related products,” said Bai Tian. China is the third-biggest buyer of Malaysian palm oil in the world, but the largest purchaser of Malaysian palm oil and related products. The ambassador said China is looking at upstream and downstream cooperation with Malaysian oil palm companies.

Source: The Star April 19, 2019 00:22 UTC