Kuala lumpur: The bilateral import and export trade between Malaysia and Guangxi, an autonomous region in southern China, has increased by 26 per cent to over US$2.05 billion last year, according to the Department of Industry and Information Technology of Zhuang Autonomous Region.
According to BERNAMA News Agency, Yuan Huang, the director general, stated that as of September, Guangxi’s cumulative investment in Malaysia reached US$1.37 billion, while Malaysia’s actual investment in Guangxi stood at US$216 billion. He highlighted the China-Malaysia Qinzhou Industrial Park and the Malaysia-China Kuantan Industrial Park as significant platforms for cross-border industrial collaboration, pioneering an innovative two-country, three-path model of industrial cooperation.
The 3.5 million tonne integrated steel project, jointly invested by Guangxi Beibu Gulf International Port Group and Guangxi Shenglong Metallurgical Co Ltd, has become Malaysia’s largest steel production project. Yuan noted that products from Guangxi, such as electric vehicles and teas, are favored by Malaysian consumers, while Malaysian exports like crude oil, palm oil, and frozen fruits are popular in Guangxi.
Yuan expressed Guangxi’s interest in deeper cooperation with Malaysia in new metallic materials, high-end equipment, and new energy vehicles, aiming to establish a modern industrial cluster that spans regions and borders. He emphasized the solid foundation both regions have in industries including agricultural product processing, port shipping logistics, and emerging sectors like the digital economy.
Yuan also mentioned the ongoing efforts to upgrade the Malaysia-China “Two Countries, Twin Park” Initiative, leveraging the platform’s strengths in location, logistics, and resources to expand and enhance the cooperation. He conveyed eagerness to strengthen ties with Malaysian businesses and associations.
Meanwhile, Datuk Seri N. Gobalakrishnan, president of the National Chamber of Commerce and Industry of Malaysia (NCCIM), remarked on Guangxi’s progress in resources, industrial development, and policy innovations, highlighting Malaysia’s advantages in regional markets and technological applications. He expressed anticipation for more Guangxi-based companies to use Malaysia as a strategic gateway into ASEAN, integrating into international value chains.
The China (Guangxi) Key Industries Promotion Conference 2025, organized by the Department of Industry and Information Technology of Zhuang Autonomous Region with SME Association of Malaysia (SME Malaysia), aimed to gather industry leaders from both Guangxi and Malaysia to promote cooperation in manufacturing new materials, new energy, and high-end equipment.
SME Malaysia national president Dr. Chin Chee Seong emphasized the importance of building a high-efficiency communication network through the summit to promote the deep integration of the industry chain and foster business cooperation for mutual benefit.