To mark the 50th anniversary of the establishment of diplomatic relations between China and Malaysia, the Malaysia-China Summit 2024, hosted by the Malaysian Ministry of Investment, Trade and Industry, was successfully held in Kuala Lumpur, capital of Malaysia, from December 17 to 19.

The summit attracted the attendance of many national officials as well as internationally renowned entrepreneurs. The summit was attended by Deputy Prime Minister Abdul Fadillah, Transport Minister Luk Siu-fook, Investment, Trade and Industry Minister Tengku Zaful, Economy Minister Rafizi, Science, Craft and Innovation Minister Zheng Likang, Plantations and Commodities Minister Datuk Seri Johari Adughani and Chinese Ambassador to Malaysia Ouyang Yujing. In addition, more than 500 institutions and enterprises from 29 countries around the world, and more than 1,000 representatives of the business community also attended the opening ceremony of the summit.

Speaking at the summit, Malaysian Transport Minister Lok Siu-fook said, "Malaysia has unique strengths in areas such as digital economy, green energy and advanced manufacturing, while China has strengths in artificial intelligence, digital platforms and e-commerce. Together, Malaysia and China can deepen cross-border trade, digital transformation and position both countries as leaders in the global economy." In addition, Malaysian Minister of Investment, Trade and Industry Tengku Zaful said that in recent years, Malaysia and China have deepened cooperation in various fields. According to Malaysian statistics, Chinese enterprises have invested in 531 manufacturing projects in Malaysia, with an investment of about 19.8 billion US dollars, creating more than 80,000 local jobs. "China-malaysia friendship has gone beyond the ordinary bilateral partnership and become the cornerstone of regional stable cooperation," said Zaful. "Malaysia will assume the rotating chair of ASEAN in 2025 and looks forward to continuing to strengthen cooperation with China." Ouyang Yujing, Chinese Ambassador to Malaysia, stressed that "Since the establishment of diplomatic ties 50 years ago, the economic and trade cooperation between China and Malaysia has enjoyed strong momentum and fruitful results, with rapid growth in bilateral trade, expanding investment scale, improving cooperation quality and opening up the market. I hope enterprises from both sides will continue to deepen their market and seize opportunities. We hope to seize the opportunities of new quality productivity development such as digital economy, green development and artificial intelligence, and make full use of the existing cooperation platforms to inject more new momentum into the common development of the two countries."

The governments of China and Malaysia enjoy close economic and trade cooperation. In March 2012, the Chinese and Malaysian governments established the China-Malaysia Qinzhou Industrial Park in Qinzhou City, Guangxi Zhuang Autonomous Region, China. In February 2013, the Chinese and Malaysian governments established the Malaysia-China Kuantan Industrial Park in Kuantan City, the capital of Pahang State in Malaysia, forming the "two countries, two parks" model. During the summit, the Qinzhou Industrial Park and Kuantan Industrial Park jointly held the theme exhibition of China-Malaysia "Two Countries and Two Parks" cooperation, which showcases the achievements of the development and construction of the "Two countries and two Parks" between China and Malaysia. Malaysian Minister of Transport Lok Siu-fook visited the exhibition area to learn about the construction of the "Two countries and two Parks" between China and Malaysia. The exhibition area attracted more than 1,000 visitors and welcomed international enterprises from all over the world.

In addition, in the field of culture and art, during the summit, the China Conservatory of Music conducted exchanges with universities such as the University of Malaya and the Malaysia Branch of Xiamen University, reached cooperation intention and signed cooperation agreements with the University of Sitya Malaysia, and organized outstanding domestic folk music players to perform folk music at the exhibition site to promote Chinese culture and art and promote cultural exchanges between China and Malaysia.

Before the establishment of diplomatic ties between China and Malaysia in 1971, China's export to Malaysia was only 26.72 million US dollars. In 1974, China and Malaysia formally established diplomatic ties. By 1977, China's export to Malaysia increased to 105 million US dollars. The establishment of diplomatic ties between China and Malaysia has promoted trade between the two countries and upgraded industrial cooperation.

The success of the summit has provided a broader space and stronger impetus for China-Malaysia cooperation in the fields of economy, trade, science, technology and culture, spread the participation of Southeast Asia and other neighboring regions, and promoted economic and trade prosperity and development in Asia and the world at large.