China to Invest $39 Billion in Malaysia
According to the nation’s Prime Minister, Anwar Ibrahim, China is set to invest $39 billion (170.07 billion ringgit) in Malaysia . Moreover, the investment will include the petrochemical and automotive industries, according to the Prime Minister in a statement made Tuesday. The investment arrives following previous statements from Ibrahim regarding the reliance on the US dollar. Now, following his call to embrace China’s efforts to develop a new currency for trading, the investment in the nation has been announced. JUST IN: China to invest $39 billion in Malaysia . pic.twitter.com/YuLAzmZDyL — Watcher.Guru (@WatcherGuru) April 4, 2023 Malaysia PM Announced Chinese Investment The growing presence of China in the international economy has been a noted development. Now, following previous statements of the necessary abandonment of US dollar reliance, the Prime Minister of Malaysia has noted a massive investment from the country. Specifically, Anwar Ibrahim stated t...