Malaysia to double palm oil exports to China, dodge EU restrictions

The two Asian nations sign infrastructure investment deals worth $4.2bn

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A worker unloads palm oil fruit bunches at a factory in Tanjung Karang, Malaysia. Profits at Malaysian palm oil companies have been plummeting. © Reuters

NORMAN GOH, Nikkei staff writer

KUALA LUMPUR -- Malaysia says it will double palm oil exports to China to half a million tonnes annually as the Southeast Asian nation moves against European restrictions on a commodity used in everything from cookies to cosmetics.

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