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China to invest more in Malaysian treasury bonds

Decision makers… Malaysia, Australia and China hold regular briefings about lost flight MH370. An initial $120 million hunt along a rugged 60,000-square-kilometre patch of sea floor off the coast of Western Australia has yielded no sign of the plane.

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Speaking at a press conference after his meeting with Malaysian Prime Minister, Premier Li Keqiang said China and Malaysia should deepen strategic communication as well as mutual respect and political trust, so as to lay a solid foundation for boosting bilateral relations in a healthy and stable way.

Kuala Lumpur: China will invest more in Malaysia’s treasury bonds in a move to help stabilise the financial market, Premier Li Keqiang said Monday.

The aircraft was believed to have crashed in the southern Indian Ocean, but searchers have yet to recover the missing plane.

Australia and Malaysia have split the cost of the search of the vast expanse of seabed that began in October a year ago based on satellite analysis of the jet’s flight for more than six hours after it went off course.

The Prime Minister opened his account on Weibo, akin to Twitter, ahead of his visit to China in May this year which attracted several thousand followers.

“China has previously offered to provide a vessel for the search and final arrangements for the vessel’s availability are yet to be completed”, said the spokesman. According to JACC weekly report, more than 70,000 square kilometers of the seafloor have been searched so far.

Discovery… The MH370 search hasn’t found a plane but it did find an ancient shipwreck.

The Australian, Malaysian and Chinese Governments have previously agreed not to extend the search without new evidence or information about MH370’s whereabouts.

Flight MH370 disappeared from radar screens in March 2014 while flying from Kuala Lumpur to Beijing, with 239 passengers and crew onboard.

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The Malaysian government confirmed in August that an aircraft flaperon found on the French Indian Ocean island of La Reunion belonged to the missing flight.

China's Premier Li Keqiang speaks during the 27th Asean Summit in Kuala Lumpur. Li says China will invest more in Malaysia's treasury bonds to help stabilise the financial market. – Reuters pic