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China, Malaysia vow to expand economic ties

04-29-2011 08:28 BJT Special Report:Chinese Premier Visits Malaysia, Indonesia |

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Premier Wen Jiabao and his Malaysian counterpart Najib Razak have vowed to expand ever-growing economic ties during their meeting in Kuala Lumpur. The two leaders witnessed the signing of a series of cooperation agreements in energy, infrastructure construction and communication.

Talks aiming to further economic ties.

During his talks with Malaysian Prime Minister Najib Razak, Premier Wen said both sides should develop more economic projects and encourage more trade of high-tech and high value-added products. He said that China welcomes Malaysian investment in its western and northeastern regions.

Premier Wen Jiabao and his Malaysian counterpart Najib Razak have vowed to expand
ever-growing economic ties during their meeting in Kuala Lumpur.

Premier Wen Jiabao and his Malaysian counterpart Najib Razak have vowed to expand
ever-growing economic ties during their meeting in Kuala Lumpur.

Premier Wen also suggested to increase trade settlements in their own currencies. Najib said progress in that area were worth noticing.

Najib Razak, Malaysian Prime Minister said "The agreement to settle trade and local currencies is a huge step forward. And, we've noticed that the quantum of trade settled in local currencies has succeeded -- in the first quarter of this year -- more than the whole of 2010."

Wen Jiabao, Chinese Premier

 

Cooperation on the sea has also been discussed. The leaders have agreed to maintain safety along the Strait of Malacca, a strategic passage crucial to international trade, and provide an atmosphere for further economic cooperation and regional stability.

Wen Jiabao, Chinese Premier said "China appreciates Malaysia's role and status in the region as well as on international affairs. We'll enhance ties with Malaysia and resolve the complicated and important current issues hand in hand for mutual benefit."

Earlier on Wednesday, the two sides signed a string of pacts in energy, infrastructure and communication. The deals include an agreement between China's Huadian Engineering and Malaysia's Janakuasa to build a coal-fired power plant. Another contract will supply a network of infrastructure and services.

Premier Wen Jiabao is scheduled to begin his visit to Indonesia on Thursday night after leaving Malaysia.

Editor:Xiong Qu |Source: CNTV.CN

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