BOMBSHELL – ‘WE EXPECT A HUGE OUTCOME’ – IN MALAYSIA & ASEAN, ALL EYES ON XI & ANWAR MEETING TOMORROW – WITH ANWAR CALLING FOR ‘REVIVED PUSH’ FOR CHINA’S BELT & ROAD PROJECTS – SLAMS COUNTRIES THAT PRACTICE UNHEALTHY COMPETITION THAT LEADS TO HIGHER COSTS & IMPEDES PROGRESS IN THE TECHNOLOGY & SEMICONDUCTOR INDUSTRIES – ‘THE RIVALRY TO BE AHEAD IN THIS CAN TAKE EITHER A PRODUCTIVE OR A DESTRUCTIVE TURN. UNFETTERED COMPETITION MUST GIVE WAY TO SPIRITED COLLABORATION’

Anwar and Xi to strengthen economic ties

BEIJING: The battle against corruption, malpractices and abuse of power will be part of the agenda when Datuk Seri Anwar Ibrahim meets Chinese President Xi Jinping here.

The two leaders are expected to discuss a wide range of issues, but with both determined to snuff out corruption, it will be high on the list of items to be discussed, said Foreign Minister Datuk Seri Dr Zambry Abdul Kadir.

“They will also talk about civilisational issues. The Prime Minister’s Malaysia Madani and the President’s Community of Shared Future for Mankind concepts are closely inter-related.

“We expect a huge outcome from the meetings,” Zambry told Malaysian journalists covering Anwar’s visit here.

Zambry said both leaders would explore concrete measures to further stimulate trade and political cooperation.

They will also discuss a comprehensive strategic partnership, especially with the 50th anniversary of diplomatic ties between the two nations coming up next year.

Anwar’s call on Xi, the highlight of his maiden visit to China as Prime Minister, is scheduled for tomorrow afternoon.

Zambry said the Malaysian leader would be accorded a ceremonial welcome by Chinese Premier Li Qiang at the Great Hall of the People, followed by a bilateral meeting.

“This meeting will cover the details of economic, trade and investment cooperation.

“They are expected to discuss specific projects aimed at strengthening the economic relationship,” he added.

Zambry said Anwar and Li would also witness the signing of three memoranda of understanding (MOU): one to expand and deepen trade cooperation between both governments, one to export jackfruit to China and one on quarantine and health requirements for aquaculture feed.

The minister, who met his Chinese counterpart Qin Gang here yesterday, said a big plus would be an announcement on huge investments from China, adding that notable corporate figures from both sides were playing their parts.

Anwar’s other programmes here include delivering a keynote address at the renowned Tsinghua University, meeting with chairman of the National People’s Congress Zhao Leji, and the breaking of fast with the Malaysian community from across China.

He will be accompanied by International Trade and Investment Minister Tengku Datuk Seri Zafrul Abdul Aziz, Transport Minister Anthony Loke, Local Government Development Minister Nga Kor Ming, Science, Technology and Innovation Minister Chang Lih Kang, and Tourism Minister Datuk Seri Tiong King Sing.

Anwar arrived in Boao, Hainan, yesterday, where he will participate in the annual Boao Forum for Asia.

He is scheduled to deliver an address themed “An Uncertain World: Solidarity and Cooperation” at the opening of the plenary forum today.  ANN

Malaysian PM Anwar calls for revived push for China’s Belt and Road projects

KUALA LUMPUR – Malaysian Prime Minister Anwar Ibrahim has called for China’s Belt and Road Initiative (BRI) to regain its momentum, saying that the development programme best exemplifies solidarity and cooperation between countries in Asia.

“Translating lofty ideals into practical reality, solidarity and cooperation is best exemplified in the realisation of the Belt and Road Initiative. With the pandemic behind us, we should try to regain its momentum,” said Datuk Seri Anwar in a speech at the Boao Forum for Asia conference in Hainan on Thursday.

Mr Anwar’s four-month-old administration wants to tap Malaysia’s largest trading partner China for foreign direct investment, with the BRI as a key source of investment in the country, say political analysts.

“Mr Anwar’s speech is also a precursor to enticing China into being open to his idea for an Asian Monetary Fund that he floated recently.”

Malaysia has several BRI-related infrastructure and connectivity projects, including the Malaysia-China Kuantan Industrial Park, the East Coast Rail Link (ECRL) and the expansion of Kuantan Port.

Some of these developments, such as the Trans-Sabah Gas Pipeline, came under renewed scrutiny and were shelved following a change of government in 2018, but were later reinstated under the subsequent administration.

Mr Anwar, who is on a four-day official visit to China until Saturday, is expected to meet the senior management of China Communications Construction Co, the contractor for the 665km ECRL.

Malaysia’s Ministry of Foreign Affairs said on Wednesday that Mr Anwar will meet Chinese President Xi Jinping to reinvigorate relations in the post-pandemic era.

China has been Malaysia’s largest trading partner since 2009. Total trade between the two countries reached RM487.1 billion (S$146.4 billion) in 2022.

China was also the top investor in Malaysia in 2022, contributing 21 per cent of the RM264.6 billion investments Kuala Lumpur approved that year.

In his speech at the Boao forum, Mr Anwar also urged countries to prevent competition in the technology and semiconductor industries from raising costs and impeding progress, as nations protect their intellectual property rights to stay ahead of rivals.

“The rivalry to be ahead in this can take either a productive or a destructive turn. Having said that, let me reiterate that unfettered competition must give way to spirited collaboration,” he said.  ST

ANN / STRAITS TIMES

.