Malaysia PM expects China business boost

Malaysian Prime Minister Mahathir Mohamad hopes more Chinese companies will invest in his country and more business cooperation between the two countries will drive economic growth, he said during a speech to local entrepreneurs on Sunday in Beijing.

Mahathir said he holds a very positive attitude toward the Belt and Road Initiative, emphasizing that Malaysia will maintain a friendly and cooperative relationship with China, and welcome Chinese businesses to invest in the Southeast Asian nation.

He said his new government will improve the efficiency of administrative approvals and introduce preferential policies for Chinese enterprises that want to expand their presence in Malaysia.