Malaysian, Chinese firms seal $10b contracts at Nanning expo
Friday, 28 October 2011
KUALA LUMPUR, Oct 28 (Xinhua): Malaysian firms inked 10-billion-dollar economic cooperation agreements with Chinese companies during a roundtable dialogue at the recently-concluded China-ASEAN Expo in Nanning of south China's Guangxi.
Malaysia's state news agency Bernama reported Thursday that Malaysian and Chinese firms signed engineering and construction contracts for a hybrid power project in Sri Lanka and a thermal power plant in Vietnam.
Malaysian public transport consortium, Perak Transit and automaker Proton also sealed agreements with Chinese passenger carmaker, Xiamen King Long United Automotive Industry Co Ltd and China's Hawtai Motor Group, according to the report.
Malaysian prime minister, Najib Razak, witnessed the signing ceremony on October 21.
Organisers said the total trade volume at the annual six-day China-ASEAN expo, which concluded last Wednesday, reached 1.8 billion US dollars, up 5.6 per cent from the previous one.
The expo was meant to improve economic and diplomatic ties between China and ASEAN.