The China (Chongqing)-Malaysia Investment Forum takes place in Chongqing and Kuala Lumpur on Aug 12. [Photo/liangjiang.gov.cn]

China (Chongqing)-Malaysia Investment Forum was held in Chongqing and Kuala Lumpur on Aug 12.

Liangjiang New Area in Southwest China's Chongqing municipality has taken full advantage of the opportunities brought by the New International Land-Sea Trade Corridor and the Regional Comprehensive Economic Partnership (RCEP). Over the first half of this year, the new area registered more than 160 billion yuan ($23.73 billion) in imports and exports, among which trade with RCEP countries stood at 42.8 billion yuan.

Boasting relatively a full-fledged modern industrial system represented by automobiles, electronics, advanced equipment, biomedicine and modern services, Liangjiang will further consolidate its economic ties with Malaysia and seek cooperation in technological innovation, digital economy and cultural exchange.

As an essential participant of the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity, the new area in recent years has signed agreements for 44 collaboration projects with Singapore involving $10.95 billion and accounting for 24 percent and 44 percent, respectively, of Chongqing's total.