Malaysia is only the third nation in Asia with trade volume of USD100 billion

Malaysia trade with China amounted to USD 94 billion in 2012. PM Dato Seri Najib Tun Razak said that Malaysia is only the third nation in Asia with trade volume of USD100 billion soon after Japan and Korea.

Malaysia is the first country to use the Chinese renminbi and Bank Negara is the first in Asean to hold renminbi reserves.

Malaysia's cumulative FDI with China stands at USD6.3 billion however the cross follow from China to Malaysia was still small.

The Prime Minister also said that the establishment of Xiamen University was the first Chinese university to be set up outside China.The university with an investment of RM1.2 billion will be able to accommodate 10,000 students. This will attract more international students from China and the wider region leveraging on Malaysia's position as an education hub.