China pumps RM4.8bil into Malaysian projects

NST TEAM



KUALA LUMPUR: China has invested a total of RM4.8 billion in the country last year with 33 projects approved, the Dewan Rakyat was told today.

Deputy International Trade and Industries Minister Datuk Chua Tee Yong said these projects are expected to generate 10,147 job opportunities.

“The approved investments from China are the largest foreign direct investment (FDI) for this period.

“From the total, the electronic and electrical products industrial sector recorded the highest FDI from China at RM1.8 billion, followed by the non-metallic minerals industry (RM1.4 billion) and base metal products industry (RM1.3 billion),” he said in reply to a question from Datuk Seri Dr Wan Azizah Wan Ismail (PKR-Permatang Pauh).

Wan Azizah had asked for statistics on the total investments from Chinese companies, along with equity and land ownership in projects like Forest City Iskandar Johor, Melaka Gateway, Bandar Malaysia, East Coast Rail Line and Malaysia-China Kuantan Industrial Park.

Chua further stated that for the total investments from China which had been realised as of 2015, Malaysia had recorded a total accumulative investment from China totalling RM6 billion in the manufacturing sector.

The investments involved 191 projects and have generated 20,587 job opportunities.