Kuala lumpur: Malaysia remains committed to strengthening its economic partnership with China under the Belt and Road Initiative (BRI), Deputy Finance Minister Lim Hui Ying said. She emphasized that the BRI has driven trade growth and supported Malaysia’s transformation under the MADANI economy framework, continuing to generate benefits for both nations.
According to BERNAMA News Agency, Lim stated that the BRI, which Malaysia has supported since its inception, aligns with the MADANI economic vision. Over the past 12 years, cooperation under the BRI has delivered measurable results, with trade between Malaysia and China growing from RM181 billion in 2012 to RM484 billion in 2024. China remains Malaysia’s largest trading partner, reflecting the success of the initiative.
Lim highlighted major infrastructure projects, such as the East Coast Rail Link (ECRL), spanning 665 kilometres, as key examples of BRI cooperation creating long-term economic benefits. She noted that businesses in manufacturing, logistics, and industrial parks along the corridor will gain access to new markets, talent, and investment opportunities.
Looking ahead, Lim mentioned that Malaysia aims to expand cooperation in high-value industries, including electronics, semiconductors, automotive, and aerospace. She pointed out that Malaysia is well-positioned to serve as both a production hub and a springboard into global markets. Under the Regional Comprehensive Economic Partnership (RCEP), Malaysia and China have harmonized financial service rules, enhancing cooperation efficiency and transparency.
Lim also noted growing opportunities in green finance, renewable energy, and digital innovation, where Malaysia and China can combine expertise and investment. She emphasized that the BRI offers a platform to scale up investment in solar panels, electric vehicles, battery storage, and clean transport infrastructure, with Chinese companies already playing a role in Malaysia’s renewable energy ecosystem, bringing advanced technologies that support local growth.