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  • Writer's pictureWu Yiwei

The Launching Ceremony of the Belt and Road Seminar Series Held in Kuala Lumpur

Writer: Wu Yiwei

Editor: Yang Xiao

KUALA LUMPUR, 12 June - On the afternoon of 8 June, the launch ceremony of the Belt and Road seminar series and the seminar on "Technology for Sustainable Livelihoods: Entrepreneurship and Employment Opportunities in Poverty Alleviation" was held in Kuala Lumpur.

(The launching ceremony of the Belt and Road series of seminars. Photo source: Chinese Embassy in Malaysia.)

The keynote speech was delivered by Chinese Ambassador to Malaysia Ouyang Yujing and Minister of Science, Technology and Innovation Tay Lik Kong.

This year marks the 10th anniversary of President Xi Jinping's Belt and Road initiative.

Chinese Ambassador to Malaysia, Ouyang Yujing spoke highly of the fruitful results of the Belt and Road cooperation, stressing that the Belt and Road cooperation has always been pragmatic and open, with common development, advocating peace and benefiting all peoples.

In his keynote address at the 2023 Invest in Malaysia Forum in Kuala Lumpur, Malaysian Prime Minister Dato' Seri Anwar Ibrahim said that China is a key engine for economic growth and an important economic partner for Malaysia.

(Ambassador Ouyang delivered a speech. Photo source: The Chinese Embassy in Malaysia.)

According to a report released by the Malaysian Investment Development Authority on March 8, in 2022, China will be the largest source of foreign investment in Malaysia.

Malaysia has approved a total of 163.3 billion ringgit in foreign direct investment (1 US dollar equals to 4.43 ringgit). The investment amounted to 55.4 billion ringgit, accounting for 33.9%.

According to Chinese statistics, the bilateral trade volume between China and Malaysia will reach US$203.6 billion in 2022, a year-on-year increase of 15.3% and China has become Malaysia's largest trading partner for 14 consecutive years.

China and Malaysia will continue to deepen cooperation and promote the building of a China-Malaysia community of shared future.

Minister of Science, Technology and Innovation, Chang Lih Kang spoke highly of China's scientific and technological innovation and development achievements, fully affirmed the achievements of Malaysia-China Belt and Road cooperation, and hoped that the two sides would strengthen cooperation in high-tech, green energy, food security and other fields.

"The Belt and Road Initiative is a road of win-win cooperation that promotes common development and common prosperity, and a road of peace and friendship that enhances understanding and trust and strengthens all-round exchanges. To the Malaysian and Chinese people who are advancing hand in hand on this road In other words, there may be more business cooperation and job opportunities in the future, which is a good thing,” said Ye Zhiqiu (21), a student from Shandong University.

"The need to procure local raw materials during the construction of the Belt and Road related projects, as well as the need for long-term operations, maintenance and upkeep services after the projects are completed, will not only help foster the formation of a local supply network for Chinese capital, but will also bring more jobs to Malaysia in the long run. This is obviously a very good opportunity for businesses and individuals today when the economy is not doing so well," said Pan Lechen (20), an international student studying at Universiti Kebangsaan Malaysia (UKM).

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