By CHOW HOW BAN
BEIJING: The State Council of China has approved the China-Malaysia Qinzhou Industrial Park project and hailed it as a model project that will steer cooperation between the two countries to greater heights.
Xinhua news agency reported that the council had defined the project as an important cooperation endeavour for both the Chinese and Malaysian governments.
“The industrial park project will help increase the impact of the economic cooperation in Guangxi Zhuang autonomous region and the Beibu Gulf Economic Zone.
“It will also deepen the strategic partnership between China and Malaysia as well as other Asean countries,” it said.
The industrial park will be developed in the Jingu River area near the Qinzhou port in Guangxi.
The first phase of the project covers 15sq km, with future development expanding to about 55sq km.
The Chinese government said the project would enjoy existing preferential policies for the national-level economic and technological development zone, adding that the Commerce Ministry and other departments would also come out with additional policies to provide a boost.
This will be the first government-to-government mega industrial park project between both countries.
In the past, China has only entered into two such development deals with Singapore in the China-Singapore Suzhou Industrial Park and the China-Singapore Tianjin Eco-City.
Prime Minister Datuk Seri Najib Tun Razak will arrive at the Guangxi capital of Nanning at 1am tomorrow and visit the project site.
He and Chinese Premier Wen Jiabao are then expected to attend the ground-breaking ceremony for the project in Qinzhou.
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