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Sino-Malaysian ties thrive on trust, growth

Expert highlights decades of cooperation and benefits from Beijing's development

By YANG HAN in Hong Kong | China Daily | Updated: 2024-12-30 09:54

Michael Yeoh speaks at the Global Chinese Economic and Technology Summit in Shenzhen, Guangdong province, on Nov 6, 2023. PHOTO PROVIDED TO CHINA DAILY

Over the years, the two countries have not only fostered collaboration but also established a framework for candid discussions between leaders, enabling open exchanges of views, he said.

Exchanges in tourism, education and business will continue to deepen, he added, with digital technology set to play a key role in advancing the bilateral relationship.

Noting that China is now a global leader in technology, Yeoh said Malaysia can learn and benefit from China's technological prowess.

"To think on a wider basis, we should look at the collaboration from outside, such as the RCEP (Regional Comprehensive Economic Partnership), and how our two countries can identify specific opportunities …(that extend beyond just) Malaysia and China," Yeoh said.

The RCEP, which came into effect in 2022, is the world's biggest free trade agreement. Signed by ASEAN and five key trading partners, including China, it accounts for about 30 percent of global GDP and population.

Belt and Road Initiative

Yeoh said China's economic growth has benefited developing countries in Southeast Asia and the Global South, especially in infrastructure development through the Belt and Road Initiative.

"I think Malaysia and China can do a lot more in terms of connectivity," he said, citing successful collaborations such as the East Coast Rail Link and the China-Malaysia "Two Countries, Twin Parks" project under the BRI.

In recent years, Southeast Asian countries have faced pressure to choose between China and the United States amid rising tensions between the two powers. "The US, in some ways, would try to get more ASEAN (states) to support them", Yeoh said.

"But in the case of Malaysia, we are very clear that we are independent and we do not take sides," he added.

Malaysia seeks to work with all countries, he said, noting that China is Malaysia's most important trading partner.

Yeoh also praised China's vision of building a community with a shared future for mankind, calling it a very good common goal that fosters mutual trust and confidence.

"It will help more people from Southeast Asia to develop stronger trust in China," he said.

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