As China and Malaysia mark the 50th anniversary of the establishment of diplomatic ties, officials from both countries are hailing the remarkable progress in their economic and trade cooperation, particularly the 15-year streak of China being Malaysia's top trading partner.
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00:00As China and Malaysia mark the 50th anniversary of the establishment of diplomatic ties,
00:05officials from both countries are hailing the remarkable progress in their economic and trade cooperation,
00:12particularly the 15-year streak of China being Malaysia's top trading partner.
00:17Underscoring this success, Tengku Datuk Seri Zafrul Tengku Abdul Aziz,
00:22the Minister of Investment, Trade and Industry of Malaysia,
00:26emphasised the importance of further deepening ties between the two sides.
00:30In fact, China today is Malaysia's largest trading partner
00:36and it started as number one trading partner since the year 2009.
00:41So this year, it's been 15 consecutive years.
00:45China today contributes 17% of Malaysia's total trade.
00:51The two countries have placed a strong emphasis on sectors such as electronics,
00:56semiconductors, digital economy and green economy,
01:00with plans to further expand their areas of collaboration.
01:03First of all, China and Malaysia pay great attention to electronic devices and semiconductor chips.
01:0940% of these are China-Malaysia trade.
01:12Next, digital economy and green economy will appear in the key areas.
01:19Biological medicine may also be a key area for the two countries.
01:23Tengku Zafrul also highlighted the growing opportunities in the digital economy,
01:28particularly in data centres and AI,
01:30saying there is enormous potential for further cooperation.
01:34In fact, on the point about digital economy, we are already seeing investments coming,
01:41especially on the data centres, AI data centres as well.
01:45And we just launched recently our national semiconductor strategy,
01:50where we also feel that this is an opportunity for Chinese technology,
01:56Chinese companies to continue their already strong support and investments in Malaysia.
02:03What's key to me going forward is that when we see China and Malaysia collaboration
02:11continues to move to the next level, we will also see the new technology upcoming.
02:18Some of the MOUs that we are going to be signing reflect the new areas of cooperation.
02:25Green economy and on green energy, on renewable energy,
02:29where again China has a lot of experience and knowledge.