Economic Affairs Minister Datuk Seri Mohamed Azmin Ali stated that Malaysia would embrace foreign direct investment (FDI) from any nation, including China. He added that FDI can help Malaysia through technology, jobs, capital, value creation, and skills transfer.
Azmin informed reporters that they want to insure that foreign investors will use Malaysia as the final destination to place capital and investments. This would definitely help in the growth of Malaysia’s economy. He made this statement after inaugurating a joint publication titled ‘China’s Belt and Road Initiative (BRI) and Southeast Asia. It was launched by CIMB ASEAN Research Institute and LSE IDEAS.
Azmin Ali stated that Malaysia have a lot of thing to gain from the BRI. It would help to tide over the infrastructure and connectivity gap between ASEAN nations and Malaysia.
Azmin further added that he agrees with the idea presented in the report that the BRI shouldn’t become a in for a one nation; rather it should be a success for everyone. Even President Xi Jinping has labeled the BRI project as a road for peace.
Azmin also stated that FDI coming to Malaysia must put up with the policies that have been laid down and also respect it. It would aid in creating value and opportunities for locals.
Till August 2018, imports from China to Malaysia amounted RM116.9 billion, it became the highest among all trading countries; whereas exports to China amounted RM89.3 billion. It also remained the highest among the other nations.