Economists are greeting China president Xi Jinping's three-day working visit to Malaysia with optimism, generally feeling that the Chinese leader's presence in the country at this critical period in the global context will provide a timely boost in trade relations.
For context, the BRI, launched by China in 2013 under Xi, is a global infrastructure and economic development strategy aimed at enhancing trade, connectivity, and investment across Asia, Europe, Africa and beyond.
Professor of economics at Sunway University Yeah Kim Leng said it is necessary for countries to set up multilateral trade arrangements or through trade blocs to offset any potential decline in exports to the United States, and as such Xi’s visit to Malaysia provides an opportunity to shoreup trade and investments between the two countries.
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