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China,Malaysia : MALAYSIA eyes US $2 billion in annual investments from CHINA

June 24, 2014

Malaysia is eyeing US $2 billion (RM6.43 billion) worth of investments from China for the next few years.

China is expected to invest US $500 billion abroad over the next 5 years.

Capturing a 5% of that is good success for it would increase China s current investments by multi-fold.

These investments could be in manufacturing and services in the higher-end plus high value-added activities from Chinese investors.

China stood as the fifth largest investor.

The Malaysian Investment Development Authority (MIDA) approved 7 manufacturing projects from China with investments totaling RM121.2 million.

The investment gap between both countries remain wide as Malaysia s investments in China amounts to US $6.3 billion versus Chinese investments which stood at just about US $1 billion.

Malaysia is now shifting its sights towards the second tier cities in the second largest economy in the world where a large number of potential Chinese investors are sited.

Over the past 5 years, the focus had been on Beijing, Shanghai and Guangzhou.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: TendersInfo (India)

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