Chinese and Malaysian companies recently signed investment or strategic cooperation agreements on 11 projects involving cross-border logistics, industries and trade in Nanning, the capital of South China's Guangxi Zhuang autonomous region. The deals were signed at the Malaysia-China (Guangxi) Investment Forum and celebrations of the 10th anniversary of the ‘Two Countries, Twin Parks’ initiative between China and Malaysia.
Within the context of this initiative, two industrial parks were launched in April 2012. The construction area of the China-Malaysia Qinzhou Industrial Park has expanded to 25 square km, and more than 200 projects have settled there, with a total investment surpassing 190 billion yuan ($28.97 billion).
Sheng Qiuping, assistant minister at the Chinese ministry of commerce, said China stands ready to work with Malaysia to implement the Regional Comprehensive Economic Partnership (RCEP) and promote regional economic recovery, official Chinese media reported.
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