It has been reported that Chinese government has contributed finance for the construction of the Kuala Lumpur-Singapore high-speed railway. The Malaysian Ministry of Transportation plans to focus on expanding rail and port capacity in support of development of exports to China and the rest of the world.

According to China Customs, the value of China’s wooden furniture imports from Malaysia rose 12% to US$12.9 million, ranked seventh among the countries shipping furniture to China. According to government sources Malaysia expects to export wooden furniture worth over RM10 billion in 2016.

The market in China has been identified as a priority for Malaysian furniture exporters. According to Cai Chuncai, President of the Malaysian Furniture Association, the value of Malaysian furniture exports to China in 2014 was RM103.7 million and rose to RM144.4 million in 2015, a year on year increase of 39%. China has become one of Malaysian top 10 furniture exporters, ranking fourteenth in 2014 and tenth in 2015.

(Source: ihb)