Continue reading this on our app for a better experience

Open in App
Floating Button
Home News Geopolitics

Anwar urges China to reenergize Belt and Road plan

Bloomberg
Bloomberg • 2 min read
Anwar urges China to reenergize Belt and Road plan
Photo: Bloomberg
Font Resizer
Share to Whatsapp
Share to Facebook
Share to LinkedIn
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Malaysian Prime Minister Anwar Ibrahim made a pitch for China to reinvigorate its Belt and Road Initiative, as he urged for collaboration among countries.

“Translating lofty ideals into practical reality, solidarity and cooperation is best exemplified in the realization of the Belt and Road Initiative,” Anwar said in a speech at the Boao Forum for Asia on Thursday. “With the pandemic behind us, we should try to regain its momentum.”

Anwar’s call for revival of China’s infrastructure collaboration with developing nations marks Malaysia’s efforts to reengage with the world’s second-biggest economy, which emerged from the pandemic late last year.

Anwar said countries must guard against competition in the technology and semiconductor industries from raising costs and obstructing progress, as nations seek to protect their intellectual property rights and stay ahead of rivals.

“Let me reiterate that unfettered competition must give way to spirited collaboration,” he said.

Anwar is on a state visit to China through April 1, during which he will meet with Chinese President Xi Jinping as part of efforts to reinvigorate relations in the post-pandemic era, according to a statement from Malaysia’s Ministry of Foreign Affairs on Wednesday.

See also: Caught in the coffee crossfire

China has been Malaysia’s largest trading partner since 2009. Total trade between the two nations touched 487.13 billion ringgit (about US$110 billion) in 2022. China was also the top investor in Malaysia last year, contributing 21% of the US$59 billion investments the nation approved in 2022.

Anwar’s visit to China is the first by a Malaysian leader since ex-prime minister Mahathir Mohamad’s trip in April 2019.

Anwar has traveled to Indonesia, Singapore, Thailand, the Philippines, Turkey, Saudi Arabia and Cambodia since becoming prime minister, seeking to boost economic ties and his standing among Malaysians after years of political instability.

Highlights

Re test Testing QA Spotlight
1000th issue

Re test Testing QA Spotlight

Get the latest news updates in your mailbox
Never miss out on important financial news and get daily updates today
×
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
© 2024 The Edge Publishing Pte Ltd. All rights reserved.