Speech & Toast by Chief Minister of Penang
On The Occasion of the Celebration of the 68th National Day of People’s Republic of China in Penang
on 25th September 2017
Let me congratulate the Consul General of People's Republic of China in Penang His Excellency Mr Wu Jun on the special occasion for the Celebration of the 68th National Day of People's Republic of China .
Malaysia and People's Republic of China have a long and productive relationship forged through mutual partnership and bilateral co-operation.
Today, Penang is one of the global hubs in the electronics and electrical manufacturing and plays host to over 300 multinational companies. We have also attracted China investors such as Jingko Solar(USD100 million), JA Solar(USD70 million) and Nantong Fujitsu Microelectronics who had formed the joint venture with AMD Electronics investing USD436 million.
Penang is an industrial state dependent on manufacturing and services industry. Penang contributes about one third of Malaysia’s trade surplus and one quarter of Malaysia’s total imports and exports. As free trade and open market is important for Penang, China is Malaysia's top trading partner.
Penang is the friendship state with Hainan Province since 2013. George Town is also the sister city of Xiamen in Fujian Province. Penang together with multilateral relationship with our China friendship state and cities will actively participate in China's One Belt, One Road Economic Scheme and the construction of the 21st Century Maritime Silk Road. Chinese construction companies have undertaken RM14.3 billion of projects in Penang to build highways, bridges, a water dam and undersea bed tunnel. We hope that through the One Belt One Road program there will be more opportunities for Chinese and Malaysian companies to work together.
We also share a love for heritage. China has many UNESCO World Heritage sites. George Town is also a UNESCO World Heritage site. Let us cooperate together on heritage to promote these treasures of humanity.
MAY I NOW INVITE YOU ALL TO JOIN ME IN A TOAST FOR THE GOOD HEALTH AND WELL−BEING OF HIS EXCELLENCY Mr. XI JINPING, PRESIDENT OF THE PEOPLE'S REPUBLIC OF CHINA, THE SUCCESS AND PROSPERITY OF THE GOVERNMENT AND THE PEOPLE OF CHINA.