CHINA is seeking to strengthen its presence in Southeast Asia by investing billions into the building of a new deep-sea port in Malacca, targeting Chinese and international seafarers travelling along the Straits of Malacca.
The US$10 billion (RM43 billion) Melaka Gateway aims to overtake Singapore as the largest port in the region, and is the result of an alliance between Kuala Lumpur and Beijing – which has invested US$7.2 billion into the project – to increase bilateral trade and boost shipping and logistics along China’s Maritime Silk Road, said a report by Bloomberg.
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