Xi says China-Malaysia ties ushering in new golden era

Chinese President Xi Jinping said Wednesday that China-Malaysia ties are ushering in a new golden era.

Xi made the remarks during his meeting with Malaysian Prime Minister Anwar Ibrahim in Putrajaya.

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Xi says China-Malaysia ties ushering in new golden era

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Xi says China-Malaysia ties ushering in new golden era

"Today, as our two countries unite and cooperate to build a shared future, China-Malaysia relations are ushering in a new golden era. I am willing to work with you to continue advancing the high-level and strategic development of China-Malaysia community with a shared future, bringing greater benefits to our peoples, contributing more to regional prosperity and stability, and promoting the everlasting friendship between the Chinese and Malaysian peoples," said Xi.

Xi arrived in Malaysia on Tuesday for a state visit, the second leg of his three-nation Southeast Asia tour, after vising Vietnam and will go to Cambodia.

International Energy Agency (IEA) Executive Director Fatih Birol warned on Thursday that the global oil market may enter a "red zone" in July and August this year, as fuel demand rise and stocks dwindle.

Birol noted that the supply crisis triggered by the situation in the Middle East was initially cushioned by spare capacity in the global oil market, but that oil stocks are now gradually decreasing.

The 32 members of the IEA on March 11 unanimously agreed to make 400 million barrels of oil from their emergency reserves available to the market in response to disruptions caused by the Middle East conflict.

The IEA stands ready to coordinate further reserve releases if necessary, Birol added.