Trade between Malaysia and China is well on track to achieve the
target of US$36 billion this year, a Chinese official said in Kuala
Lumpur Thursday.
For the first ten months, total trade value between the two
countries amounted to US$30.1 billion, said Lu Kejian, Director
General for Asian Affairs Department, China's Ministry of
Commerce.
"We are confident that the figure will keep increasing and could
reach the total trade target of US$50 billion in 2010, as set by
the two countries, faster than the time frame," he said at a press
conference at the Kuala Lumpur Convention Center.
Lu made the remarks after the opening ceremony of the Chinese
Export Commodities Exhibition and Investment Conference (Malaysia)
2006.
The trade target was set earlier by leaders of the two
countries.
When talking about the investment between the two countries, Lu
said the Chinese government has always encouraged Chinese
entrepreneurs to invest in Malaysia and cooperate with Malaysian
businessmen.
"With further improvement of bilateral trade and investment
environment, I believe investment between China and Malaysia will
keep increasing," he said.
The exhibition and conference, sponsored by Ministry of Commerce
of China and organized by China Foreign Trade Center, is going on
here until Sunday.
In 2005, China was Malaysia's fourth largest trading partner and
Malaysia was the eighth largest trading partner for China.
(Xinhua News Agency December 15, 2006)
