Chief minister Chow Kon Yeow says Penang recorded RM4.2 billion in approved manufacturing investments from China in 2025.
Chief minister Chow Kon Yeow said Penang recorded RM4.2 billion in approved manufacturing investments from China in 2025 and more than 80 Chinese companies are currently operating in the state, including major investors such as Guangdong Tianyu Semiconductor and TF-AMD Microelectronics.
He said Penang remains a major contributor to Malaysia-China trade, accounting for RM143 billion of Malaysia’s RM255 billion exports to China from January to November 2025.
“Most of these exports are in electrical and electronic products, highlighting Penang’s role as a key manufacturing and technology hub within global supply chains,” he said at a 2026 Chinese New Year reception hosted by the consulate-general of China in Penang tonight.
Looking ahead, Chow said Penang, together with the northern region, would continue to welcome strategic investments from China, particularly those that are high-value, future-oriented and that enhance supply chain resilience.
He also noted that improving connectivity between Penang and China would further support investment flows, citing the recent launch of the direct flight from Guangzhou to Penang and the China-Malaysia mutual visa exemption agreement, signed last year.
Meanwhile, China’s consul-general in Penang Zhou Youbin said the Chinese consulate-general in the state had continued to actively promote sub-national cooperation between China and Malaysia, particularly across the four northern states, while enhancing mutual understanding and friendship.
He noted that economic and trade cooperation between both sides have continued to strengthen, with a growing number of Chinese enterprises investing and operating in northern Malaysia.
“The enterprises of new energy vehicles and lithium batteries and the related upstream and downstream enterprises have formed a cluster, bringing a positive effect on building a complete local industrial ecosystem,” he added.
On people-to-people exchanges, Zhou said connectivity between Penang and China has improved significantly, with nearly 70 weekly flights linking Penang to multiple Chinese cities, facilitating greater movement of tourists, business travellers and students.
He added that more than 200,000 Chinese citizens visited Penang via international flights in 2025, alongside an increase in cultural and educational exchanges, which further strengthened mutual understanding and people-to-people ties between China and northern Malaysia. - FMT
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