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China elevates Malaysia ties, aims to triple trade by 2017
by Cals Fri 04 Oct 2013, 14:01
China elevates Malaysia ties, aims to triple trade by 2017
Business & Markets 2013
Written by Reuters
Friday, 04 October 2013 13:05
KUALA LUMPUR (Oct 4): Chinese President Xi Jinping said on Friday he and Malaysian Prime Minister Najib Razak had agreed to elevate ties to a "comprehensive strategic partnership", aiming to boost military cooperation and nearly triple two-way trade to $160 billion by 2017.
The Chinese and Malaysian leaders spoke soon after U.S. President Barack Obama cancelled a week-long tour of four Asian nations due to the U.S. government shutdown.
Najib said he agreed with Xi, who is visiting Malaysia ahead the Asia-Pacific Economic Cooperation summit in Indonesia, to encourage more joint military exercises and visits between the nations.
China is already Malaysia's largest trading partner, with two-way trade last year totalling 181 billion ringgit ($57 billion).
Business & Markets 2013
Written by Reuters
Friday, 04 October 2013 13:05
KUALA LUMPUR (Oct 4): Chinese President Xi Jinping said on Friday he and Malaysian Prime Minister Najib Razak had agreed to elevate ties to a "comprehensive strategic partnership", aiming to boost military cooperation and nearly triple two-way trade to $160 billion by 2017.
The Chinese and Malaysian leaders spoke soon after U.S. President Barack Obama cancelled a week-long tour of four Asian nations due to the U.S. government shutdown.
Najib said he agreed with Xi, who is visiting Malaysia ahead the Asia-Pacific Economic Cooperation summit in Indonesia, to encourage more joint military exercises and visits between the nations.
China is already Malaysia's largest trading partner, with two-way trade last year totalling 181 billion ringgit ($57 billion).
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