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SE Asia
 

China elevates ties with Malaysia, aims to triple trade

Published on Oct 4, 2013 1:51 PM
 
Malaysian Prime Minister Najib Razak (right) shakes hands with China's President Xi Jinping (left) after a joint press conference at the prime minister's office in Malaysia's administrative capital Putrajaya on Oct 4, 2013. President Xi said on Friday he and Mr Razak had agreed to elevate ties to a "comprehensive strategic partnership", aiming to boost military cooperation and nearly triple two-way trade to US$160 billion (S$200 billion) by 2017. -- PHOTO: AFP 

KUALA LUMPUR (REUTERS) - Chinese President Xi Jinping said on Friday he and Malaysian Prime Minister Najib Razak had agreed to elevate ties to a "comprehensive strategic partnership", aiming to boost military cooperation and nearly triple two-way trade to US$160 billion (S$200 billion) by 2017.

The Chinese and Malaysian leaders spoke soon after US President Barack Obama cancelled a week-long tour of four Asian nations due to the US government shutdown.

Mr Najib said he agreed with Mr Xi, who is visiting Malaysia ahead the Asia-Pacific Economic Cooperation summit in Indonesia, to encourage more joint military exercises and visits between the nations.

China is already Malaysia's largest trading partner, with two-way trade last year totalling RM181 billion (S$70.6 billion).

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