China-Malaysia Qinzhou Industrial Park (CMQIP) is the third international park jointly established by the Chinese government and a foreign government, with a planning area of 55 square kilometers, in Qinzhou City, Guangxi Zhuang autonomous region.
With strong supports from the governments of China and Malaysia, CMQIP and Malaysia-China Kuantan Industrial Park (MCKIP), China's first national industrial park in Malaysia, co-created a new cooperative model for international production capacity named "Two Countries, Twin Parks". The model is a pioneering exploration and practice of the Belt and Road Initiative.
A two-tier negotiation mechanism was also jointly established by the two sides, including an annual ministerial joint cooperation council conference, and daily coordination between director-general-level departments.
Under the "Two Countries, Twin Parks" cooperation framework, CMQIP and MCKIP have been making great efforts in promoting policy innovations, joint investment, international production capacity cooperation, and improving cross-border financial services. Preferential policies on finance, taxation, land and talents have also been issued.