China and Malaysia build joint industrial parks


China and Malaysia have jointly established the Malaysia- China Kuantan Industrial Park (MCKIP) and Qinzhou Industrial Park (QIP). But the small size of the MCKIP (just over a tenth of the size of QIP) suggests a continued imbalance in Malaysia-China foreign investments.

China and Malaysia have established two joint industrial parks to further boost bilateral trade and investment. These are government-to-government initiatives and notably the third such bilateral effort by China after the Suzhou and Tianjin projects with Singapore. The Malaysia-China Kuantan Industrial Park (MCKIP), to be built on 1,500 acres, is located in the less developed Malaysia Eastern Corridor.

Announced on February 5 at a groundbreaking ceremony attended by Jia Qinglin, chairman of China’s top advisory body, and Prime Minister Datuk Seri Najib Tun Razak, this industrial park is the twin project of the 13,600-acre Qinzhou Industrial Park (QIP) being built in Guangxi Province, also a less developed region of China.

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