NANNING: Bilateral trade between Malaysia and China is expected to increase to US$160 billion (RM671.7 billion) by 2020, Second International Trade and Industry Minister Datuk Seri Ong Ka Chuan said. He said explained that the bilateral trade between the two countries last year was US$87 billion (RM365 billion), adding that he was confident it would increase up to US$100 billion (RM420 billion) this year on improved global economy. Thus, he said, Malaysian companies should utilise the automotive sector in China as it was huge and demanding. Last year we only recorded sales of 580,000 units compared to 28 million units sold in China. He said Malaysia's participation in CAEXPO was one of the strategies to strengthen its bilateral trade with China.

Source: New Strait Times September 11, 2017 13:41 UTC