KUALA LUMPUR, Jan 16 (Sin Chew Daily) — Bilateral trade between Malaysia and China achieved 4.6 per cent of growth to hit RM470.7 billion as of November 2020, says Ambassador of China to Malaysia Ouyang Yujing.

The bilateral trade grew amidst COVID-19 pandemic based on figures released by China.

Ouyang said traditionally both countries were good friends and were closely linked in economic development. China-based companies were offered lots of investment opportunities in Malaysia. 

"With the implementation of Regional Comprehensive Economic Partnership (RCEP), these developments offer new opportunities," he said.

Ouyang said in a virtual meeting with council members of the China Entrepreneurs Association in Malaysia (PUCM) that association's main mission is to boost bilateral trade.

PUCM president Datuk Keith Li told Bernama that both countries are positive on developments in mid- and long-term.

Li said Malaysia is an important neighbor to China. Relationship between both countries was important in One Belt One Road initiative.

Li said the Chinese ambassador looked forward to PUCM taking the lead in having more interactions in politics, economy, trade, humanity and technology for both countries.

"As small- and medium-sized enterprises are limited in resources, they need a platform to propel development, and PUCM offers its services to these SMEs," he said.

Li also expressed his gratitude for the support extended by the Embassy of China in Malaysia to PUCM over the past five years.

He said PUCM would continue to work with relevant agencies to create new opportunities and new developments for friendship between China and Malaysia.