Sino-Malaysian Economic Cooperation Has Bright Future: Chinese Premier

Sino-Malaysian Economic Cooperation Has Bright Future

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Chinese Premier Zhu Rongji told Malaysian Prime Minister Mahathir bin Mohamad November 24 that there is a great prospect for their two countries to expand economic and trade cooperation.

The two leaders were meeting here at the sidelines of the summit between the Association of Southeast Asian Nations (ASEAN) and China, Japan and South Korea.

Zhu said that the two countries' cooperation in all fields has been deepening in an all-round way with bilateral trade growing rapidly.

The Chinese Premier told Mahathir that Chinese companies are ready to participate in the construction of Malaysia' domestic railroad which constitutes part of the pan-Asian railway.

Mahathir agreed with Zhu on the future cooperation between the two countries and believed there still exist huge potentials for greater cooperation.

Mahathir also briefed Zhu on Malaysia's plans on the Pan-Asian railroad and welcomed China to play an active role in the railroad construction.

On the Taiwan issue, Mahathir reiterated that his country opposes the independence of Taiwan and will continue to stick to its "One China" policy.