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China hopes to deepen, expand cooperation with Malaysia: spokesman

China

China hopes to deepen, expand cooperation with Malaysia: spokesman
China

China

China hopes to deepen, expand cooperation with Malaysia: spokesman

2024-06-17 19:10 Last Updated At:19:37

China hopes to deepen and expand cooperation in various areas with Malaysia and achieve solid progress in building a China-Malaysia community with a shared future, said Chinese Foreign Ministry spokesman Lin Jian at a press briefing in Beijing on Monday.

In a recent interview, Prime Minister Anwar Ibrahim said it made sense for Malaysia to ramp up ties with China, a country "willing to accommodate and listen" to his nation's suggestions and concerns, which include helping to build Malaysia's digital economy, renewable energy and AI capacities.

"We have noticed the report, and appreciate Prime Minister Anwar Ibrahim's relevant remarks. China and Malaysia are neighbors across the sea with a time-honored friendship. Since the establishment of diplomatic relations 50 years ago, China and Malaysia have always been good and true friends with candor, mutual trust and mutual assistance no matter how the global situation changes," Lin said in response.

"China looks forward to working with Malaysia to carry forward the traditional friendship, deepen and expand cooperation in various areas, and strive for solid progress in building a China-Malaysia community with a shared future," Lin said.

"China always firmly supports ASEAN countries including Malaysia to seek strategic independence and strength through solidarity, and upholds ASEAN centrality and an inclusive regional architecture. China will continue upholding the spirit of openness, cooperation and mutual benefits, and work with the ASEAN countries to build a closer China-ASEAN community with a shared future," he added.

China hopes to deepen, expand cooperation with Malaysia: spokesman

China hopes to deepen, expand cooperation with Malaysia: spokesman

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Japanese seek diversified investment options as yen devalues

2024-07-14 12:04 Last Updated At:12:37

The Japanese people are eyeing diversified investment options at a three-day wealth management exhibition which started on Friday in Tokyo, as the depreciation of their fiat currency yen goes on.

Since July, the retail price of gold in Japan has repeatedly hit new highs, and the price per gram rose to 13,612 yen (about 86 U.S. dollars) on Thursday.

As inflation continues in Japan, precious metals are increasingly popular as a way to beat it.

In addition to paper gold, rare precious metal coins have gradually become one of the new financial investment favorites in Japan in recent years.

"The gold content of coins determines their value as precious metals. But as collectibles, their price on the auction market will go up," said Mitsuru Hayama, an exhibitor.

In addition to traditional financial products which include real estate, there is a trend of diversification at this exhibition.

For example, for investment products such as agricultural blueberry gardens and mushroom farms, investors can choose to make investment only, or they can participate in specific business operations.

Investable wines and whiskies are also a big draw at the expo. Among them, wine investment has an online trading model, where investors can view the latest prices of wines on their mobile phones in real time and conduct transactions .

"You buy it when it's cheap and drink it whenever you want. This is the prime pleasure of investing in the wine. Even if you don't drink it yourself, you'll be happy if its price rallies," said Eiji Odawara, an exhibitor.

According to the latest data released by the Bank of Japan in June, as of the end of March this year, the scale of Japanese household financial assets inched up 7.1 percent compared with the same period last year, reaching 2,199 trillion yen (about 13.9 trillion U.S. dollars), hitting record highs for five consecutive quarters.

Among them, cash and deposits accounted for 50.9 percent, much higher than other advanced economies such as the United States and some European countries.

Japanese seek diversified investment options as yen devalues

Japanese seek diversified investment options as yen devalues

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