Dedicated Industrial Park For Chinese Investors Proposed

KUALA LUMPUR, Jan 31 (Bernama) -- Officials from China has proposed to the Malaysian Government to establish a dedicated industrial park for investors from the world's second largest economy. Malaysian Deputy Finance Minister Donald Lim Siang Chai said China was Malaysia's largest trading partner last year, with total trade exceeding US$90 billion. "Total trade surged by 20 per cent from 2010," he said when launching the prospectus of China Stationery Limited on Tuesday. China's Ambassador to Malaysia Chai Xi said Chinese investors would come to Malaysia in a big way to participate in the government's economic transformation pogramme. "Therefore, the setting up of an industrial park in Malaysia solely for Chinese investors will further enhance economic collaborations between the two friendly nations," he said. Chai Xi said China-Malaysia bilateral trade was in Malaysia's favour. "Our government is encouraging entrepreneurs to go abroad to invest," he said at the launch. China Stationery Limited is the 10th Chinese company listed on Bursa Malaysia. Lim said as China was Malaysia's major trading partner, there was an agreement for Malaysian and Chinese traders to settle their accounts in Malaysian ringgit (MYR) and Chinese Yuan Renminbi (CNY). -- BERNAMA