KUALA LUMPUR: Malaysia's ties with China do not compromise the country's sovereignty, Prime Minister Datuk Seri Najib Razak said today.
Najib said Malaysia had long been a country open and friendly to all, and the fact that it remains a preferred destination for foreign direct investment was a testament to the confidence other countries had in Malaysia.
"Some people seem to think that it is better to have loss-making companies that are 100 per cent Malaysian owned, instead of a smaller percentage in a company that stands to gain access into bigger markets, economies of scale and cutting edge technology.
"I ask you, which one will create more wealth and jobs for Malaysians? The answer is obvious," he said at the grand opening of the China Construction Bank (Malaysia) Bhd here, today.
He added that it would be "bad for the country" to turn away investments out of a narrow and foolish belief.
"I will never apologise for facilitating investment in Malaysia.
"These ventures are in the interests of all, for the people here in Malaysia and for our partners from abroad."