Business

Malaysia-China trade rises to RM163 billion – Bernama

Malaysia-China bilateral trade has recorded a year-on-year double-digit growth of 15.7% to US$50.915 billion (RM163.87 billion) in the first half of 2013.

China-Asean Business Council executive vice-secretary-general Xu Ningning said in the first six months of this year, Malaysia's exports to China increased 3.6% year-on-year to US$28.74 billion (RM92.50 billion).

"Imports from China were up 36.4 per cent to US$22.17 billion (RM71.36 billion) compared with the previous year," he said.

Xu said this at a media briefing after the release of the China-Asean Bidirectional Recommended Famous Brands list in Kuala Lumpur today.

The event aims to enhance enterprise development between China and Asean countries with a focus on healthy growth in bilateral trade.

Xu said Malaysia External Trade Development Corp has recommended a total of 70 Malaysian companies which were involved in several industries, including food and beverages, electrical products, bus duct system and health food, personal care and home furnishing products.

A total of 50 Chinese and 50 Asean companies, including 21 Malaysian companies, are on the second China-Asean Bidirectional Recommended Famous Brands list. - Bernama, July 30, 2013.

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