Bilateral trade volume between China and Malaysia hit a record-breaking US$212.04 billion last year, according to China’s consul-general in Kuching.
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“This marks the 16th consecutive year that China has remained Malaysia’s largest trading partner,” said Xing Weiping at a Lunar New Year gathering organised by the United Chinese Association in Sibu on Saturday night.
Speaking on the growing exchanges between the two nations, Xing said that the implementation of visa-free policies had boosted travel significantly.
“In 2024, the number of Chinese visitors to Malaysia exceeded 3.8 million, more than double that of 2023,” he said, attributing the rise to the recent extension of visa-free stays for Malaysian citizens to 30 days.
Against this backdrop of strengthened ties, China-Sarawak cooperation has also been steadily expanding, Xing said.
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“Collaboration is now moving beyond traditional infrastructure to sectors such as green energy, equipment manufacturing, digital economy, and healthcare,” he said, adding that more Chinese enterprises were recognising Sarawak’s development potential and seeking opportunities for investment.