Eight Key Market Areas For China To Invest In Malaysia
KUALA LUMPUR, Dec 27 (Bernama) -- At least eight key market areas in the higher value added and technology and knowledge intensive activities have been identified as suitable for China to invest in Malaysia, said the President of the Federation of Malaysian Manufacturers (FMM), Tan Sri Mustafa Mansur.
He said this at the China-ASEAN Industrial Development Forum on specific cooperation between China and Asean in the Industrial sector at Wuzhou city, Guangxi Province, in South China on Saturday.
The areas where there are opportunities include the area of water and sewerage systems, oil and gas industry related areas, oil palm upstream activities, sustainable energy, hydro and nuclear power, as well as in the advanced packaging technology and food industry, a statement from FMM quoted its president as saying in the forum.
China is an important trading partner for Malaysia, with trade with the country last year exceeding US$36 billion.
In the first three months of this year, trade grew further between both countries, coming to US$10.63 billion compared with a trade of US$6.87 billion seen in the same period of 2009.
This has made China Malaysia's largest trading partner, second largest export destination and largest source of imports, Mustafa said.
"Similarly, Malaysia was China's 14th largest export destination, 7th largest source of imports and second largest foreign investor from ASEAN," he added.
There is so much more opportunities for diversification in the trade pattern between the two countries and for exploration in the emerging sectors which have high potential for future growth.
"These include oil and gas, high-value agriculture, green technology, financial services and information technology," he added.