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A number of Chinese companies have decided to make Malaysia their top investment destination
Malaysian Prime Minister Anwar Ibrahim concluded his visit to China on April 1. A number of advanced companies from China have decided to make Malaysia their preferred investment destination, Malaysian media reported Anwar as saying on Wednesday.
Malaysia was the first ASEAN country to establish diplomatic ties with China and one of the first countries to respond to China's Belt and Road Initiative. China has been Malaysia's largest trading partner for 14 years in a row since 2009. China is also Malaysia's largest source of foreign investment. According to Foreign Ministry statistics, Malaysia's total exports to China grew 9.4% to 210.62 billion ringgit in 2022, while exports from China to Malaysia rose 20.7% to 276.5 billion ringgit.