The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) and Bank of China (Malaysia) Berhad (BOC) are jointly organising the “One Belt One Road” Malaysia-China Economic Conference on 29th June 2015 (Monday) at the One World Hotel, Selangor, Malaysia, and to arrange Business Matching session for enterprises from Malaysia, China and Southeast Asian countries to meet and explore business opportunities.
The “One Belt One Road” Malaysia-China Economic Conference is endorsed by the Ministry of International Trade and Industry of Malaysia (MITI), Embassy of the People’s Republic of China in Malaysia, Malaysia-China Business Council (MCBC) and National Chamber of Commerce and Industry of Malaysia (NCCIM); and supported by Malaysia External Trade Development Corporation (MATRADE), Malaysian Investment Development Authority (MIDA), Malay Chamber of Commerce Malaysia (MCCM), Malaysian Associated Indian Chambers of Commerce and Industry (MAICCI), Malaysian International Chamber of Commerce and Industry (MICCI) and Malay Businessmen and Industrialists Association of Malaysia (Perdasama).
Ladies and gentleman,
First of all, on behalf of ACCCIM, I have great pleasure to welcome everyone to the Press Conference on “One Belt One Road” Malaysia-China Economic Conference.
This is the first ever collaboration between ACCCIM and Bank of China in organising such a significant economic conference in Malaysia.
Malaysia and China have seen one of the most cordial and productive relationships in Asia-Pacific, one with implications beyond their bilateral ties. The bilateral relationship between Malaysia and China has undergone a transformation since the establishment of official ties with China back in 1974.
The relations between Malaysia and China were elevated from strategic cooperation to comprehensive strategic partnership during Chinese President Xi Jinping’s visit to Malaysia in 2013. Both Malaysian and Chinese Government have signed a Five Year Programme for Economic and Trade Cooperation to strive US$160 billion by 2017 to further deepen bilateral and economic relations between the two countries by expanding trade cooperation, investment, tourism, education, financial, infrastructure and security etc.
Trade between Malaysia and China registered US$102 billion in 2014 and Malaysia remained as China’s largest ASEAN trading partner for six consecutive years since 2008, also China’s third biggest Asian trading partner after Japan and South Korea.
Significance of the survey
- To assist the Government in gauging the economic situation facing the Chinese business community.
- To collect feedback and opinion on various measures undertaken by the Government to enable them to evaluate the effectiveness of those measures.
- This study would be helpful to the Government either in making adjustments to the existing policies or in the formulation of new policies.
- The results from the survey also provide a basis for ACCCIM to submit relevant memoranda to the Government and serve as a reference for the business community and foreign investors in formulating investment plan and strategy.
Profile of Respondents
- The respondents were mainly from wholesale and retail (24.2%), manufacturing (16.8%), professional and business services (16.5%), construction (8.8%), real estate (8.0%), and finance and insurance (4.9%), as well as others (20.8%).
- About 15.4% of the respondents were from “Large Company” (according to annual turnover and number of full time employees).
- About 80.5% of the respondents were “Domestic” market oriented whereas the remaining 19.5% focused on “Both Domestic and Export” markets (11.3%) or ‘Export’ market (8.2%).