Two-way trade between Malaysia and China reached a record high of 203.6 billion USD in 2022, according to Chinese Ambassador to Malaysia Ouyang Yujing.
Kuala Lumpur (VNA) - Two-way trade between Malaysia and China reached a record high of 203.6 billion USD in 2022, according to Chinese Ambassador to Malaysia Ouyang Yujing.
Speaking at the China Ambassador Scholarship award presentation ceremony at Universiti Tunku Abdul Rahman of Malaysia on February 17, the diplomat said the two countries witnessed frequent and close high-level exchanges in 2022.
The two countries co-promoted high-quality Belt and Road construction, and steadily advanced cooperation on major projects such as ‘Two Countries, Twin Parks’ and the East Coast Rail Link which have brought tangible benefits to the people of both countries last year, he noted.
China has been Malaysia's largest trading partner for 14 consecutive years, he said, adding that the two sides are also good partners who benefit from the win-win cooperation.
The relations with Malaysia is one of the best among those of China and ASEAN member nations, he stated./.
The Malaysia External Trade Development Corporation (MATRADE) estimated the sales of Malaysian-made products and services at the 18th China-ASEAN Expo (CAEXPO) to reel in 572 million RM (143 million USD).
Total trade value between China and Malaysia reached 176.8 billion USD in 2021 with an year-on-year increase of 34.5 percent amid the battle against the COVID-19 pandemic, a Chinese official has said.
The Malaysian Government has been urged to tighten COVID-19 control measures to prevent a possible large-scale spread of the disease when the country welcomes tourists from China.
Chinese Ambassador to Malaysia Ouyang Yujing has said the two countries have been enjoying strong economic ties, adding that the trade volume in 2022 reached a historical height of 203.6 billion USD, increasing 15.6% year-on-year.
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The consumer index of the University of the Thai Chamber of Commerce (UTCC), fell to 51.7 in July from 52.7 in the previous month. The sluggish economy and the trade war, as well as high living costs, continue to undermine confidence, the university said.
Deputy Speaker of the Hungarian National Assembly Istvan Jakab expressed his hope for further deepening Hungary’s ties with ASEAN countries and called for their support for Hungary’s accession to the Treaty of Amity and Cooperation in Southeast Asia.
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(Photo: themalaysianreserve) 
