'China, Malaysia twin parks' celebrate 10th anniversary

The Malaysia-China (Guangxi) Investment Forum and celebrations for the 10th anniversary of the construction of the "China, Malaysia twin parks" project were held on April 26.

The "two countries, twin parks" project refers to China and Malaysia's construction of the China-Malaysia Qinzhou Industrial Park (CMQIP) and the Malaysia-China Kuantan Industrial Park (MCKIP) in their respective countries.

With the theme of "two countries, twin Parks: Sharing Opportunities of the RCEP Implementation, Forging Cross-Border Industrial Chains," the investment forum was the first of a series of events to commemorate the 10th anniversary of the CMQIP's establishment.

More than 800 Malaysian and Chinese industry leaders from business chambers and associations, government-linked agencies, China state-owned enterprises, investment banks, as well as SMEs attended the forum, which was hosted by the Ministry of International Trade and Industry of Malaysia and the Guangxi government.

Both Malaysia and Guangxi are committed to strengthening cross-border investment by promoting the development of cross-border industrial chains and supply chains to enhance innovation, as well as to improve connectivity through the land corridors in the two countries.

As of last year, the CMQIP had a total development area of 25 square kilometers, accelerating the construction of an industrial new city integrating industrial, commercial, as well as residential areas, with over 200 signed projects and an investment of over 190 billion yuan. The development area of the MCKIP is 9 sq km. The investment of its signed projects exceeds 40 billion yuan, creating nearly 20,000 local jobs, and driving Kuantan Port's annual throughput of 10 million metric tons.