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ACCCIM eyes $2 bln investments from China

The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) hopes to attract investments worth 2 billion U.S. dollars from China. William Cheng Heng Jem, ACCCIM president, made the remarks here on Thursday after a briefing on the economi

The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) hopes to attract investments worth 2 billion U.S. dollars from China.

William Cheng Heng Jem, ACCCIM president, made the remarks here on Thursday after a briefing on the economic conference to be held by the association from Feb. 8-9.

Cheng said investors from China are keen on constructing infrastructure for power plants, bridges, airports, highways and railways while exploring other potential industries like agriculture, coal-powered plant, manufacturing and services.

ACCCIM was working closely with the Malaysian Industrial Development Authority (MIDA) to bring in investments from China in the form of partnership or fully-owned, added Cheng.

Cheng said the Malaysian government's commitment to liberalizing the economy would enable the country to attract foreign investments.

In this regards, ACCCIM would continue bridging the business communities in China and Malaysia together to boost bilateral trade between the two countries, added Cheng.

The ACCCIM represents more than 28,000 Malaysian Chinese companies, businessmen and business associations in the country.

Cheng said entrepreneurs should utilize the vast and established network of ACCCIM to promote trade and joint ventures.

Source: Xinhua

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