KUALA LUMPUR: There would not be any cannibalism to domestic elements with continuous inflows of foreign investments, especially from China, said InvestKL chief executive officer Datuk Zainal Amanshah.
"We should not look at it as solely from a China perspective, because we also received investments from the US, Europe, China, Japan and others.
"It is also important to recognise that we are now attracting high value and high skilled investments - creating opportunities for real estate and talents.
"That will create different opportunities for different types of demand," he told reporters at InvestKL's 2016 updates and 2017 market outlook here, today.
He was responding to a question on concerns over the influx of China's investments.
A media report earlier quoted former Deputy Prime Minister Tan Sri Muhyiddin Yassin as saying that the aggressive move to attract such investments will threaten Malaysia, criticising the inflow of mainland China investments into Malaysia.
He was reported to have accused Prime Minister Datuk Seri Najib Razak of “opening the floodgates for foreign power to influence local political parties”.