Friday, October 18

RM60 billion in investments gained by Sarawak, thanks to solid ties with China


KUCHING: Sarawak has attracted about RM60 billion in investments from China – thanks to the strong relationship between the two sides over the past 25 years.

In stating this, the Consul-General of People’s Republic of China in Kuching Cheng Guangzhong said this relationship continued to gain momentum.

“China and Sarawak have witnessed close, high-level exchanges with concrete results in economic and trade cooperation, infrastructure, manufacturing, agriculture, education, digital economy, energy, tourism and culture.

“Our people have built up profound friendship with trust and mutual understanding,” he said at a dinner here on Friday, in celebration of the 45th anniversary of China- Malaysia diplomatic relationship and the 25th anniversary of the establishment of China Consulate in Kuching.

Minister of Local Government and Housing Datuk Dr Sim Kui Hian was at the event, representing Chief Minister Datuk Patinggi Abang Johari Tun Openg.

Adding on, Cheng pointed out that the friendship between the Chinese and Malaysians remained unchanged – one that he regarded as ‘truly a gift of time’.

“Just recently, China and Sarawak witnessed close, high-level exchanges with concrete results in the paper and petro-chemical industries, as well as digital economy,” he said, pointing out the June 9 signing of a memorandum of understanding between Sarawak anf China’s Beca Sci Tech Sinopec on the investment of US$5 billion to US$10 billion for the setting up of an oil and gas refining and chemical integration plant in Lawas.