Malaysian corporations present robust confidence in CIIE, Chinese language market: enterprise chief

Malaysian corporations present robust confidence in CIIE, Chinese language market: enterprise chief


(ECNS) — Malaysian corporations have proven nice enthusiasm for collaborating within the sixth China Worldwide Import Expo (CIIE), reflecting their robust confidence within the expo and the Chinese language market, a Malaysian enterprise chief mentioned.

The Related Chinese language Chamber of Commerce and Trade of Malaysia (ACCCIM) has despatched round 200 repetitiveness, the most important delegation ever, to take part within the sixth CIIE, which kicked off in Shanghai on Sunday, in accordance with Low Kian Chuan, president of the ACCCIM throughout an interview with China Information Service.

Based in 1921, the ACCCIM is the national-level group of the Chinese language chambers of commerce within the nation with over 110,000 members.

Low Kian Chuan mentioned that the ACCCIM has by no means been absent in CIIE since 2018, and the participation has at all times yielded fruitful returns, giving Malaysian corporations nice confidence. “Final yr, there was an extended queue in entrance of Malaysia’s Musang King frozen durian sales space, which totally demonstrates the market potential in China,” he mentioned.

In keeping with statistics, the bilateral commerce quantity between China and Malaysia in 2022 reached $203.6 billion, a year-on-year enhance of 15.3 p.c. China has been Malaysia’s largest buying and selling accomplice for 14 consecutive years.

“China stays a vital engine for world financial development, demonstrating robust financial resilience,” Low mentioned.

In his view, Malaysian companies want to reinforce their understanding of China to grab the alternatives within the Chinese language market. He said that China is presently actively selling technological innovation, emphasizing environmental safety, and sustainable growth, all of which current many growth alternatives.

Moreover, he believes that with the expansion of China’s center class, there’s a vital demand for well being care, high-quality meals and drinks, in addition to tourism. These are areas the place Malaysian companies can focus sooner or later.

He’s additionally optimistic about cross-border e-commerce in China, suggesting that Malaysia ought to strengthen its efforts in e-commerce and cross-border e-commerce to create new channels for extra Malaysian merchandise to enter the Chinese language market.

Low launched that on the CIIE, many Malaysian exhibitors can fluently converse with Chinese language prospects in Chinese language, leaving Chinese language prospects not solely shocked but in addition feeling a way of heat.

Low believes that CIIE isn’t just a buying and selling platform but in addition a platform for the ACCCIM and Malaysian companies to inform the Malaysian story, and assist Malaysian corporations enter the Chinese language market.

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