M'sia ready to attract more Chinese FDI in high-tech sector

AWANI

In an interview with CGTN, Investment, Trade and Industry Minister Tengku Zafrul Abdul Aziz said Malaysia is eyeing more Chinese investments in EVs, services, and infrastructure, calling China a key partner in driving growth.

Transcript

00:00China has ramped up its foreign direct investment in Malaysia,

00:04emerging as a key player in manufacturing, services and infrastructure.

00:09Speaking on the sidelines of the Shanghai Cooperation Organization SCO Summit,

00:15Investment, Trade and Industry Minister Tengku Zafrul Abdulaziz highlights efforts

00:19to draw more Chinese investments, particularly in the EV sector and other areas of growth.

00:25We've seen strong interests in the high-tech sector, you just mentioned that sector.

00:31In fact, on Thursday, the Prime Minister will be going to our automotive high-tech valley

00:36where it's primarily driven by investments from China.

00:40We have Geely there, big president of Geely.

00:43BYD is opening their factory there as well.

00:45Of course, we have Cherry already in another state and all moving into the EV technology,

00:50all adopting because Malaysia, we are a very large player in the semiconductor industry.

00:56And that's why I mentioned earlier that we met the Chinese Semiconductor Industry Association

01:00where the many of the supply chain and the trade between Malaysia and China

01:06is also on semiconductor and investment.

01:07You mentioned investment.

01:09Of course, China is continue to be a big investor in Malaysia.

01:13As you mentioned just now, correctly, it's number two in terms of investment.

01:17Zafrul added that Malaysia can provide the ecosystem for the semiconductor industry,

01:22particularly in the EV sector, to strengthen supply chain resiliency and security.

01:27He also pointed to digital and AI adoption as well as the green transition

01:31as key areas for deeper collaboration between the two countries.

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