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“Flowing water cannot be severed” — How Xi Jinping promotes China-Malaysia friendship

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“Flowing water cannot be severed” — How Xi Jinping promotes China-Malaysia friendship
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by Xinhua writer Zhao Bochao

BEIJING, April 11 (Xinhua) — Over three decades ago, when Xi Jinping, then the top official of China’s southeastern city of Fuzhou, visited Malaysia on an investment promotion trip, he found himself deeply impressed by two symbolic sites.

One is the Poh San Teng Temple, a long-standing homage to renowned Chinese navigator Zheng He (1371-1433) of the Ming Dynasty. The other is the city of Sibu, which became known as « New Fuzhou » after Wong Nai Siong, a Fuzhou native, migrated to Malaysia with over 1,000 Chinese people more than a century ago.

Both places testify to the millennium-old China-Malaysia friendship, a bond Xi has repeatedly pledged to inherit and cement as China’s head of state. During a 2013 visit to Malaysia, he quoted a local proverb to illustrate the commitment: « Flowing water cannot be severed. »

It was also during that Southeast Asia tour to Indonesia and Malaysia that Xi invoked again the legacy of Zheng He and put forward the 21st Century Maritime Silk Road, an essential component of the Belt and Road Initiative (BRI).

Now as Xi travels to Malaysia for a new state visit, the two nations are poised to further build on their time-honored friendship and fruitful cooperation, and steer bilateral relations toward a more promising shared future in the new era.

COOPERATION ON FAST TRACK

On a hillside overlooking the East Coast Rail Link (ECRL) project in Malaysia’s eastern state of Pahang, a string of bold Chinese and Malay characters stand out against the landscape: « Extensive consultation, joint contribution, shared benefits — building a better future. »

The phrase, concise and resonant, is the main tenet of the BRI, which has now become a leading global infrastructure and development framework and fostered a host of flourishing partnerships across continents.

As a vital node along the ancient Maritime Silk Road, Malaysia is among the first to participate in Belt and Road cooperation. Thanks to joint efforts and Xi’s steadfast push, bilateral collaboration within the BRI framework has borne rich fruit.

This photo shows the launching site of the East Coast Rail Link project in Kuantan, Malaysia, on Dec. 11, 2023. (Photo by Xu Xinyu/Xinhua)

A notable example is the ECRL, a 665-km railway whose construction is in full swing. In a sign of the importance Xi attaches to the flagship project, he dispatched a special envoy to its launch in 2017. During his meeting with Malaysia’s King Sultan Ibrahim Sultan Iskandar in Beijing last September, Xi once again called for concerted efforts to ensure its success.

The railway, once completed, will bridge Malaysia’s less-developed east coast with its economic powerhouse on the west coast, enhancing connectivity and fostering balanced growth. It will also potentially link up with the China-Laos and China-Thailand rail networks, all part of the New International Land-Sea Trade Corridor, a vital international trade route.

« If that were to materialize, the ECRL would be able to tap into Thailand’s entire rail network and link with Kunming in southwestern China, via Laos, achieving greater free flow of goods and passengers within the region, » said Malaysian Transport Minister Anthony Loke Siew Fook.

Beyond the rail project, China-Malaysia collaboration is expanding across the horizon. China has remained Malaysia’s largest trading partner for 16 consecutive years, with the volume hitting an all-time high of 212.04 billion U.S. dollars in 2024. In recent years, Malaysia’s tropical fruits such as durian, mangosteen and jackfruit have become increasingly popular among Chinese consumers.

In his meeting with Malaysian Prime Minister Anwar Ibrahim last year in Beijing, Xi encouraged Malaysia to bring more Malaysian quality and specialty products to the Chinese market, and urged closer cooperation in such new areas as digital economy, artificial intelligence and new energy.

« The flourishing economic ties between Malaysia and China demonstrate the resilience and mutual benefits of our bilateral relationship, » said Samirul Ariff Othman, an economist at Malaysia’s Universiti Teknologi PETRONAS. « The continued expansion of investments in high-value sectors such as technology, green energy and manufacturing will further deepen our cooperation. »

A staff member shows a durian from Malaysia at the Food and Agricultural Products exhibition area during the second China International Import Expo in Shanghai, east China, Nov. 9, 2019. (Xinhua/Cai Yang)
A staff member shows a durian from Malaysia at the Food and Agricultural Products exhibition area during the second China International Import Expo in Shanghai, east China, Nov. 9, 2019. (Xinhua/Cai Yang)

FRIENDS IN NEED

In 2012, Yong June Kong, a Malaysian young man who had studied medicine in China, donated his hematopoietic stem cells to a Chinese boy suffering from leukemia, successfully saving the 7-year-old child and making himself the first foreign stem cell donor in China.

During Xi’s 2013 visit to Malaysia, the president referenced this moving episode to highlight the deep friendship between the Chinese and Malaysian people. « We will also not forget » the story, Xi said with deep emotion.

« I never imagined that such a simple act would receive such high-level recognition, » Yong, now a doctor at Renji Hospital in Shanghai, told Xinhua. « I couldn’t sleep the whole night after learning that the Chinese president had spoken of me, » he recalled.

Xi’s recognition was not only a personal honor but also a tribute to the spirit of mutual support between the nations, Yong added.

« This encouragement has strengthened my resolve to stay in China, to continue my medical career in saving lives, to do more blood donations and other charitable activities, and to become a bridge of friendship between China and Malaysia, » he said.

As a Malay proverb once quoted by Xi goes: « A friend who understands your tears is much more valuable than a lot of friends who only know your smile. » In his eyes, the two countries are good friends who can get along well, and trust and rely on each other.

Back in 1974, with strategic vision, China and Malaysia broke the ice of the Cold War and established diplomatic ties, with the latter being the first ASEAN member to do so. Later on, Malaysia also became the first to invite China to conduct dialogue with ASEAN and the first to host the China-ASEAN summit.

During his 2013 Malaysia trip, Xi recalled the joint fight of the two countries against the 1997 Asian financial crisis and the 2008 global economic tsunami, as well as the assistance extended by Malaysia to China in the aftermath of the devastating 8.0-magnitude Wenchuan earthquake in 2008. It was also during this visit that bilateral ties were elevated to a comprehensive strategic partnership.

A decade later, Xi and Anwar reached a consensus in Beijing on jointly building a China-Malaysia community with a shared future, opening a new chapter in bilateral relations.

Chinese President Xi Jinping meets with Malaysia's Prime Minister Anwar Ibrahim at the Great Hall of the People in Beijing, capital of China, March 31, 2023. (Xinhua/Rao Aimin)
Chinese President Xi Jinping meets with Malaysia’s Prime Minister Anwar Ibrahim at the Great Hall of the People in Beijing, capital of China, March 31, 2023. (Xinhua/Rao Aimin)

At a broader level, Xi highly regards Malaysia’s pivotal role in regional cooperation as a founding member of ASEAN and a key driver of East Asia cooperation. The Chinese president has reiterated China’s support for Malaysia’s ASEAN 2025 chairmanship and its commitment to ASEAN centrality and strategic independence.

« Malaysia-China relations have grown from strength to strength in recent decades, » said Othman. « Today, this partnership is more dynamic than ever, underpinned by deep economic collaboration and strong people-to-people exchanges. »

COMMUNICATION BETWEEN CULTURES

As China and Malaysia celebrated the 50th anniversary of diplomatic ties last year, Tan Lak Hon, along with 86 other Malaysian students at Tianjin University in China, wrote a letter to Xi, expressing their commitment to serving as messengers and promoters of Chinese-Malaysian friendship, and aspiration to help build the China-Malaysia community with a shared future.

In a message sent later that year to King Sultan Ibrahim marking the historical occasion, Xi expressed his delight in hearing from those students. « I am gratified that the cause of friendship between the two countries will be carried forward, » Xi said.

Greatly encouraged, Tan plans to create a social media account to share his study and travel experiences in China with friends back in Malaysia. « I will actively serve as an advocate for our friendship, and help foster meaningful communication between students from our two countries, » he said.

Xi himself has been a staunch champion of stronger cultural and people-to-people exchanges between the two nations. He has repeatedly stressed that amity between the people holds the key to sound state-to-state relations.

Artists perform at the Canton Rhythms for Silk Road concert at Xiamen University Malaysia (XMUM) in Selangor state, Malaysia, Nov. 24, 2023. (Xinhua/Cheng Yiheng)
Artists perform at the Canton Rhythms for Silk Road concert at Xiamen University Malaysia (XMUM) in Selangor state, Malaysia, Nov. 24, 2023. (Xinhua/Cheng Yiheng)

During his 2013 visit to Malaysia, Xi witnessed the signing of an agreement on establishing a Malaysian branch of Xiamen University, the first overseas campus of a Chinese higher education institute. Xiamen, like Fuzhou, is a major city in China’s Fujian province.

The university has a special relationship both with Malaysia and with Xi. It was founded in 1921 by Tan Kah Kee, a patriotic overseas Chinese businessman and philanthropist, who was born in Xiamen and achieved great business success in Malaysia and Singapore. When Xi worked in Xiamen, he developed a profound bond with the university.

Today, the Malaysian branch of Xiamen University has 10 faculties and over 9,100 students from dozens of countries and regions. So far, more than 6,300 students have graduated from that campus, making it a shining example of China-Malaysia education cooperation and a key platform to boost mutual understanding between different civilizations.

Many of those graduates share Tan’s determination to promote intercultural communication and people-to-people friendship, a theme that features prominently in Xi’s approach to international relations.

« You name it. Which other leader articulates the vision for the future while trying to understand civilization, values and culture, » Anwar once noted. « That is why I feel certainly comfortable in exchanges with the president for his foresight and vision. »■

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Nomination des adjoints préfectoraux : voici la liste de tous les promus !

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Le Premier ministre, Joseph Dion Ngute a procédé, jeudi 30 juillet, à la nomination d’adjoints préfectoraux dans plusieurs départements des dix régions du Cameroun. Des […]

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BVMAC : la SFI envisage de couvrir jusqu’à 53 % de l’emprunt de 13 milliards d’Alios Finance Cameroun

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BVMAC : la SFI envisage de couvrir jusqu’à 53 % de l’emprunt de 13 milliards d’Alios Finance Cameroun
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(Investir au Cameroun) – La Société financière internationale (SFI) envisage de souscrire jusqu’à 12 millions de dollars, soit environ 6,9 milliards de FCFA, à l’emprunt obligataire de 13 milliards de FCFA lancé par Alios Finance Cameroun sur le marché financier de la Cemac. Si elle est approuvée, cette participation permettrait à l’établissement spécialisé dans le crédit-bail de sécuriser près de 53 % du montant recherché.

L’investissement reste toutefois soumis à l’approbation du conseil d’administration de la SFI, filiale du Groupe de la Banque mondiale chargée du financement du secteur privé. La tranche sur laquelle l’institution pourrait se positionner n’a pas non plus été précisée.

Ces informations figurent dans le document de l’opération présenté le 29 juillet 2026 à Douala aux investisseurs potentiels. Les souscriptions, ouvertes jusqu’au 7 août, portent sur 1,3 million d’obligations d’une valeur nominale de 10 000 FCFA chacune.

Seulement 6,1 milliards resteraient à placer

En cas de validation, la participation de la SFI réduirait à environ 6,1 milliards de FCFA le montant restant à placer auprès des autres investisseurs. Au-delà de son poids financier, l’arrivée de cette institution multilatérale pourrait jouer un rôle d’investisseur d’ancrage et renforcer l’attractivité de l’opération.

Cette éventuelle souscription ne constitue cependant ni une garantie de remboursement ni une couverture des risques supportés par les autres détenteurs d’obligations. Elle traduirait plutôt la volonté de la SFI de soutenir les financements en monnaie locale et le développement du marché régional des capitaux.

Selon Ange Claver Kouassi, responsable pays principal de la SFI pour le Cameroun et la République centrafricaine, le modèle d’Alios Finance constitue une solution alternative au crédit bancaire classique. Le crédit-bail permet notamment aux entreprises de financer des équipements productifs en adaptant les remboursements à leur cycle d’activité.

Dans un environnement où les PME éprouvent des difficultés à obtenir des financements de moyen et long termes, l’institution entend également contribuer à la mobilisation de ressources en FCFA au bénéfice du secteur privé.

Des coupons relevés par rapport à 2025

L’emprunt est structuré en deux tranches. La première, d’une maturité de trois ans, offre un coupon annuel brut de 6,60 %. La seconde, remboursable sur cinq ans, est rémunérée à 7,20 % brut par an.

Ces taux sont supérieurs à ceux proposés lors de l’opération de 2025. Alios Finance offrait alors 6 % sur trois ans et 7 % sur cinq ans. Le relèvement atteint ainsi 60 points de base sur la première tranche et 20 points de base sur la seconde. Il renchérit le coût de la ressource pour l’émetteur, mais vise aussi à rendre les titres plus attractifs pour les investisseurs.

Ernest Pouhe, directeur général d’Attijari Securities Central Africa, chef de file des arrangeurs, estime que le marché régional dispose désormais de la capacité nécessaire pour mobiliser des montants importants au profit d’émetteurs privés de référence.

Un objectif annuel pouvant atteindre 22 milliards de FCFA

Alios Finance revient sur le marché obligataire un an après avoir mobilisé 9,002 milliards de FCFA sur les 10 milliards initialement recherchés, soit un taux de réalisation d’environ 90 %.

La participation envisagée de la SFI pourrait donc aider l’établissement à atteindre intégralement son nouvel objectif, contrairement à l’émission précédente. Le succès définitif de l’opération dépendra néanmoins de l’approbation de l’investissement par la SFI et de la demande exprimée par les autres souscripteurs avant la clôture.

Selon le directeur général d’Alios Finance Cameroun, Olivier Baman, cette émission s’inscrit dans une stratégie visant à mobiliser entre 15 et 22 milliards de FCFA de ressources nouvelles chaque année, afin de soutenir une croissance annuelle de l’activité de l’ordre de 10 %.

Les fonds levés serviront à financer l’acquisition d’engins et d’équipements par les entreprises clientes d’Alios Finance, principalement dans le commerce, l’industrie et le bâtiment et travaux publics.

Frédéric Nonos

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27-07-2026 – BVMAC : Alios Finance sollicite 13 milliards de FCFA pour renforcer ses capacités de financement

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Le Tribunal de première instance de Douala a donné raison à l’entrepreneure camerounaise Rebecca Enonchong dans le litige qui l’oppose à la Société de Recouvrement […]

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