KUALA LUMPUR - Datuk Seri Najib Tun Razak said Malaysia will continue to welcome Chinese investment, describing China's business community as one of the partners in building the high-income and high-skills Malaysia of the future.
The Prime Minister said he made no apology for saying that.
"For it would be foolish and bad for the Malaysian people if we were to spurn the hand of friendship...a hand that Malaysia, under my father Tun Razak, first offered to China in 1974, making history by being the first ASEAN member state to establish diplomatic relations with China," he said.
Speaking at the Malaysia-China Bilateral Cooperation Lunar New Year luncheon here today, he said: "We will continue to welcome you, and let me assure you that your investments here will be well protected under Malaysia's well-established legal system and government."
The government was right then, and it was right to welcome Chinese investment now, he said at the event organised by the Malaysia-China Business Council (MCBC), of which he is the patron.
Najib cited the example of some 4,000 new jobs being created by Alliance Steel at the Malaysia-China Kuantan Industrial Park, with a previous announcement