Chinese Premier Li Qiang visits Malaysia
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Chinese Premier Li Qiang visited Malaysia between June 18 and 20, meeting with Malaysian Prime Minister Anwar Ibrahim and other senior political figures. Malaysian and Chinese firms signed 11 memorandums of understanding in relation to potential Chinese investment of RM13.2 billion ($US 2.8 billion). Key discussions took place on June 19, with Anwar and Li signing a five-year agreement to continue developing economic relations and breaking ground at the East Coast Rail Link. Li's visit aims to cultivate Malaysia's political support as a counterweight to US pressure and encirclement. Anwar expressed the desire for Malaysia to join the BRICS economic group and emphasized the importance of independent handling of the South China Sea issue. The US is pressuring Malaysia to align with its economic war against Russia. China is Malaysia's largest import source and export destination, accounting for 17 percent of Malaysia's global trade. Li's visit also aims to secure investment and maintain trade with China, which is crucial for servicing Malaysia's debt. Li's visit takes place in the context of heightening US government pressure on Malaysia to join its war drive against Russia and China.

#China #Malaysia #LiQiang #AnwarIbrahim #Investment #Trade #SouthChinaSea #Brics #UsPressure

https://www.wsws.org/en/articles/2024/06/26/keut-j26.html