Business

Malaysia welcomes more digital economy investment from China: Saifuddin

Agong, PM have also expressed interest in visiting Beijing when possible, says foreign minister

Updated 4 years ago · Published on 12 Jul 2022 6:19PM

Malaysia welcomes more digital economy investment from China: Saifuddin
Datuk Seri Saifuddin Abdullah (right) says he has discussed with Wang Yi (left) the Belt and Road Initiative, the “Two Countries, Twin Parks” project, the East Coast Rail Link project, and the Automotive Hi-Tech Valley cooperation. – Bernama pic, July 12, 2022

KUALA LUMPUR – Malaysia welcomes more investment from China in the area of digital economy, said Malaysian Foreign Minister Datuk Seri Saifuddin Abdullah.

In a joint press conference with his Chinese counterpart Wang Yi today, he emphasised the importance of the two countries working more closely in areas related to the digital economy, as well as cooperation between telecommunication companies.

“I have impressed upon His Excellency (Wang) that we are taking the digital economy as a premium way forward to rebuild our economy and sustain our future growth,” he said after his bilateral meeting with Wang here.

Wang, who is also China’s state councillor, is on a two-day official visit to Malaysia from yesterday.

Describing the meeting as very warm and fruitful, Saifuddin noted that next year will mark the 10th anniversary of the two countries’ comprehensive strategic partnership (CSP), and both sides agreed to commemorate the important milestone.

Both sides also looked forward to more high-level visits in the coming years, to promote greater trust between both countries.

He said Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah and Prime Minister Datuk Seri Ismail Sabri Yaakob, who met Wang today, have expressed their interest in visiting China when the time permits.

SaIfuddin said that the “Community of Shared Future” concept, a brainchild of President Xi Jinping, is very much aligned with the concept of “The World as a Family” being promoted by the Malaysian prime minister.

“Malaysia welcomes China’s initiative to promote openness, inclusiveness, and mutual respect, and we support the concept in principle,” he said.

Saifuddin said they also discussed the Belt and Road Initiative, the “Two Countries, Twin Parks” project, the East Coast Rail Link (ECRL) project, and the Automotive Hi-Tech Valley cooperation.

“As we all know, the ECRL is going to be realised and we have started working on it. Under the Twin Parks project, again, China is celebrating the 10th anniversary of the establishment of the China-Malaysia Qinzhou Industrial Park this year,” he said.

Meanwhile, he said Malaysia, through the International Trade and Industry Ministry and the Pahang government, is preparing to celebrate the 10th anniversary of its sister industrial park, Malaysia-China Kuantan Industrial Park, in 2023.

Saifuddin said he and Wang also discussed other matters pertaining to the relationship between Asean and China as a dialogue partner, particularly on the CSP between both sides.

“We spoke about how to make the CSP work better, and how to work on the idea of common development on food security and widening the free trade area,” he said.

Earlier, Saifuddin and Wang witnessed the handover document between the China Meteorological Administration and Malaysian Meteorological Department on CMAcast, a system that uses Chinese satellite digital video broadcast technology to transmit meteorological data, and the signing of a memorandum of understanding between Hunan Broadcasting System and Media Prima Omnia Sdn Bhd. – Bernama, July 12, 2022

Related News

Malaysia / 3y

M’sia looks to strengthen diplomacy with China: Anwar

Malaysia / 3y

Anwar receives courtesy call from Chinese FM Wang Yi in Penang

World / 3y

Australia’s Wong says raised human rights, detained citizens in China talks

Malaysia / 3y

GE15: PN to field someone from PAS as new Tioman candidate, says Saifuddin

Malaysia / 3y

GE15: copied homework? Netizens mock Saifuddin for ‘familiar’ campaign video

Malaysia / 3y

Budget 2023: Foreign Ministry wants funds to save scam victims

Spotlight

Trump’s North Korea gamble deepens Asia’s doubts over US alliances

Malaysia

Rayer denies involvement in 'Maha Kali Red Rally', claims name and photo misused

Malaysia

E-Hailing driver charged with attempted murder after allegedly setting worker on fire

Business

Nation’s economic outlook strengthens as leading index signals continued growth

Malaysia

‘No parent wants her child to be remembered this way,’ says mother of 14-year-old Keziah

Malaysia

RM1.96m Penang land probe: Two ‘Datuks’ remain in custody

Business

K8 cargo: Businessman seeks clarification from MOF, Customs, Petronas

Malaysia

PH leaders hold talks as Melaka election plans take shape

Malaysia

Bersama rejects political alliances, vows to go solo in Melaka state election

You may be interested

Business

K8 cargo: Businessman seeks clarification from MOF, Customs, Petronas

Business

Govt rules out RM7.5b Datasonic takeover amid identity security concerns

Business

Oil prices pull back after rally as markets brace for tougher Iran sanctions

Business

Matrix Concepts records RM416.7m in 1Q27 sales as geographic diversification gains traction

Business

Nation’s economic outlook strengthens as leading index signals continued growth