A press conference promoting the China-Malaysia Qinzhou Industrial Park was held in Beijing on August 8. The park, located in Qinzhou, Guangxi Zhuang Autonomous Region, is the first between the Chinese and Malaysian governments. Covering a planned area of 55 square km, it will become a highlight in China's future cooperation with Malaysia and with ASEAN.

"The bilateral trade between China and Malaysia totaled $90 billion in 2011, a 21.3-percent year-on-year increase. Malaysia has been China's biggest trade partner in ASEAN for four consecutive years while China is Malaysia's biggest trade partner in the world," said Bai Lichen, Vice Chairman of the 11th National Committee of the Chinese People's Political Consultative Conference.

The industrial park will focus on six major industries: equipment manufacturing, electronic information, food processing, new material, biotechnology and modern service. Lots of preferential policies have been designed for investment in the park, said Zhang Xiaoqin, Secretary of the Qinzhou Municipal Committee of the Communist Party of China.