Cabinet To Decide On Follow-Up Steps To Monitor Investments From China, Says Anwar

The Cabinet will decide on follow-up measures, including the need to establish a committee, to monitor investments from China, said Prime Minister Datuk Seri Anwar Ibrahim on Tuesday (April 4).

He said the follow-up measures will be discussed in a Cabinet meeting on Wednesday.

So far, investments and projects from China are monitored by the Ministry of International Trade and Industry (Miti), and by the Chinese government under the supervision of Premier Li Qiang, which will be implemented at the end of this year, or early next year at the latest.

“We also have the Malaysian Investment Development Authority (Mida) and the Malaysian External Trade Development Corporation (Matrade), which are able to organise them, because the preparations made by the Foreign Ministry, Miti and the officers are very satisfactory, enabling us to achieve the expected performance,” Anwar said while replying to an additional question from Fong Kui Lun (DAP-Bukit Bintang) regarding the establishment of a special committee to monitor investments from China in the Dewan Rakyat on Tuesday.

Earlier, Anwar stated the positive results of his recent maiden visit to China in terms of economic and investment opportunities, including an investment commitment of RM170 billion obtained from the visit.

Anwar said several memoranda of understanding were signed during the visit, including 12 in the service sector, 11 in the manufacturing sector, and four in the infrastructure sector.

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