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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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Harry Kane sacré devant Mbappé et Lamine Yamal

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Harry Kane sacré devant Mbappé et Lamine Yamal
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C’est officiel. Harry Kane est le Ballon d’or 2026. L’international anglais devance de près ses concurrents directs Lamine Yamal et Kylian Mbappé.

À 33 ans, l’attaquant du Bayern Munich marche sur l’eau. Il remporte son premier Ballon d’or après une saison 2025-2026 explosive. Avec 61 buts inscrits toutes compétitions confondues en club, 12 en sélection nationale pour un total de 73 buts inscrits. Il a fait mieux que ses concurrents. Il succède à l’international français Ousmane Dembélé.

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Eaux minérales : le bénéfice de la SEMC chute de 84 % malgré des ventes presque stables

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Eaux minérales : le bénéfice de la SEMC chute de 84 % malgré des ventes presque stables
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(Investir au Cameroun) – La Société des eaux minérales du Cameroun (SEMC), productrice des marques Tangui et Vitale, a enregistré une baisse de 84 % de son bénéfice net au premier semestre 2026. Selon son rapport d’activité semestriel établi suivant les normes Syscohada, le résultat net est tombé à 105,7 millions de FCFA, contre 660,3 millions à fin juin 2025. Sur la même période, le chiffre d’affaires a reculé de seulement 2,2 %, à 5,5 milliards de FCFA.

La dégradation est particulièrement visible dans le résultat d’exploitation, qui est passé de 983,7 millions à 291,3 millions de FCFA en un an, soit une baisse de 70,4 %. La SEMC a ainsi perdu 692,4 millions de FCFA de résultat d’exploitation, alors que la diminution de ses ventes n’atteint que 123 millions de FCFA.

Cette évolution a réduit la marge d’exploitation de 17,5 % à 5,3 %. La marge nette a, elle aussi, fortement reculé, passant de 11,74 % à 1,92 %. Autrement dit, pour 100 FCFA de ventes, le bénéfice net dégagé par l’entreprise est désormais inférieur à 2 FCFA, contre près de 12 FCFA un an auparavant.

Dans ses commentaires financiers, la SEMC attribue principalement la baisse du résultat d’exploitation à l’augmentation des dépenses de maintenance et d’entretien. L’entreprise a engagé des opérations de maintenance pluriannuelle sur ses lignes de conditionnement, qui ont réduit sa production et, selon elle, les volumes vendus. Le rapport ne précise toutefois ni la diminution de ces volumes en hectolitres ni le montant des dépenses supplémentaires engagées.

La société mentionne également la baisse de sa marge brute, l’application de la taxe environnementale et un recours accru aux groupes électrogènes en raison de l’indisponibilité de l’électricité du réseau conventionnel. Elle ne chiffre pas séparément l’incidence de ces facteurs sur ses résultats.

La contribution de la taxe environnementale reste à préciser

L’explication fiscale nécessite une réserve. La réforme introduite par la loi de finances 2026 a notamment transféré vers la taxe environnementale des prélèvements sur les emballages non retournables qui existaient auparavant sous forme de droits d’accises. L’exposé des motifs du budget 2026 décrit explicitement cette réorganisation.

Le Code général des impôts 2026 fixe notamment une taxe de 5 FCFA par unité pour les emballages non retournables autres que ceux des boissons alcooliques et gazeuses, dans la limite de 5 % de la valeur du produit. En l’absence de précisions sur les quantités d’emballages taxées et les charges correspondantes, il n’est pas possible de mesurer le coût supporté par la SEMC ni de déterminer si sa fiscalité effective s’est alourdie.

La comparaison avec le premier semestre 2024 permet de mesurer l’ampleur de la contraction des bénéfices. Selon son rapport semestriel publié à la BVMAC, l’entreprise avait alors réalisé un chiffre d’affaires de 5,48 milliards de FCFA et un bénéfice net de 535,3 millions. Deux ans plus tard, ses ventes sont quasiment au même niveau, mais son bénéfice a été divisé par cinq.

Cette évolution intervient après un exercice 2025 bénéficiaire. Les états financiers annuels audités, publiés à la BVMAC, font état d’un bénéfice net de 840,7 millions de FCFA en normes Syscohada, contre 772,3 millions en 2024. Les résultats du premier semestre 2026 marquent donc une rupture avec l’amélioration constatée sur l’ensemble de l’exercice précédent.

Cotée à la Bourse des valeurs mobilières de l’Afrique centrale (BVMAC), la SEMC évolue sur un marché que sa direction décrit comme caractérisé par une concurrence accrue et une forte sensibilité des consommateurs aux prix. Ce contexte était déjà mentionné dans son rapport semestriel 2024.

Pour le second semestre 2026, l’entreprise annonce vouloir reconquérir les volumes perdus, renforcer la disponibilité de ses produits sur le marché et optimiser ses coûts. Elle ne fournit cependant aucune prévision chiffrée de chiffre d’affaires ou de bénéfice pour l’ensemble de l’année.

Baudouin Enama

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