Home » Major Gains From Malaysia-China Ties, Say Business Leaders

Major Gains From Malaysia-China Ties, Say Business Leaders

News From : DagangHalal.com (20 Sep 2009)

KUALA LUMPUR, Sept 20 (Bernama) — Established two-way relations between Malaysia and China for the past 35 years have brought major benefits for both countries, according to local business leaders.

Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) president Tan Sri William Cheng said Prime Minister Datuk Seri Najib Tun Razak’s visit to China in June this year had brought Malaysia-China relations to a higher level.

Speaking at a gathering organised by the Malaysia-China Chamber of Commerce to mark the 35th anniversary of relations between the two countries, he said Najib had encouraged Malaysians to learn from China’s experience in economic development.

“The Prime Minister has also launched various measures such as facilitating the investment process for China’s businesses in Malaysia to attract more foreign investors, especially those from China,” said Cheng who will be visiting China soon to attract more companies there to invest in Malaysia.

China’s ambassador to Malaysia Liu Jian said that trade played an important role in Malaysia-China cooperation, and economic development in both countries had experienced significant growth.

Deputy Foreign Minister Datuk Lee Chee Leong, who was also present at the gathering, said the two countries had strengthened cooperation in areas like trade, culture, education and tourism as well as relations among the people.

He also called on local businesses to invite investors from China to Malaysia as the government had implemented measures to promote trade and investment, including scrapping the 30 per cent Bumiputera equity quota to attract foreign investment.

Malaysia-China Chamber of Commerce president Datuk Yong Ah Pwi said the two countries have established “win-win” cooperation which brought major benefits to the people.

He said that China’s products which are cheap and of good quality have received good response in Malaysia and China represented a big export market for Malaysian businesses.

Yong said that China’s efforts to expand domestic consumption and its target of eight per cent growth offered opportunities for Malaysian entrepreneurs.

He also called on Malaysian businesses to work together with Chinese investors in the international halal market and export halal food products to China.

— BERNAMA

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