{"id":13978,"date":"2017-11-27T19:53:01","date_gmt":"2017-11-27T11:53:01","guid":{"rendered":"https:\/\/mccc.my\/?p=13978"},"modified":"2023-11-10T19:54:43","modified_gmt":"2023-11-10T11:54:43","slug":"the-7th-malaysia-china-entrepreneur-conference-mcec-malaysian-businessmen-must-seize-opportunities-available-in-china-and-beyond","status":"publish","type":"post","link":"https:\/\/mccc.my\/en\/activity-reports-en\/the-7th-malaysia-china-entrepreneur-conference-mcec-malaysian-businessmen-must-seize-opportunities-available-in-china-and-beyond\/","title":{"rendered":"The 7th Malaysia-China Entrepreneur Conference (MCEC) Malaysian businessmen must seize opportunities available in China and beyond"},"content":{"rendered":"

The 7th Malaysia-China Entrepreneur Conference (MCEC) 2017 was successfully organised by Malaysia-China Chamber of Commerce (MCCC) and that 1500 local and oversea participants’ event was officiated by Minister in the Prime Minister\u2019s Department Datuk Seri Dr Wee Ka Siong.<\/p>\n

PUTRAJAYA: Malaysian entrepreneurs must seize the business opportunities available in China and beyond, particularly in the more than 60 countries participating in the Belt and Road Initiative (BRI), says Minister in the Prime Minister\u2019s Department Datuk Seri Dr Wee Ka Siong.<\/p>\n

As such, he advised Malaysian businessmen to start working out strategies to penetrate the markets along\u00a0the BRI route that has a massive population of 4.4 billion people.<\/p>\n

Malaysia already has a significant amount of annual trade with the BRI countries, he added.<\/p>\n

\u201cThe opportunity is tremendous.<\/p>\n

\u201cWe are talking about a big chunk of trade, and these figures should give an indication to Malaysian businesses the kind of prospects the Belt and Road Initiative provides them.<\/p>\n

\u201cThe time is now for our businessmen to not only focus on domestic demands, but explore the regional markets as well, including opportunities available in China and beyond,\u201d he said at the opening of the 7th Malaysia-China Entrepreneurs Conference here yesterday.<\/p>\n

Also present were MCCC president Tan Yew Sing, the chamber\u2019s honorary presidents Datuk Bong Hon Liong, Tan Kai Hee and Yong Ah Pwi,\u00a0Chinese Embassy in Malaysia Charge d\u2019Affaires ad Interim Ma Jia, and MCEC organising chairman Bryan Chong.<\/p>\n

Malaysia\u2019s annual trade with countries along the Belt and Road exceeded RM850bil in 2016. With BRI, the amount of trade is expected to increase in the next decade.<\/p>\n

\"\"<\/div>\n

Taking the right initiative: Dr Wee (fifth from left) at the opening of the conference. With him are (from left) Bong, Chong, Ma, Yew Sing, Kai Hee and Yong.<\/em><\/p>\n

The BRI, which started in 2013, covers three quarters of the world\u2019s land mass and 60% of the global population.<\/p>\n

Dr Wee said Malaysia and China need to deepen their collaboration, particularly in business and trade. Both sides have identified property, medicine, manufacturing and services as their core sectors of interest, and they need to draw up win-win ventures.<\/p>\n

\u201cAll this spells huge potential and comes at the right time for us to expand our market and expertise.<\/p>\n

\u201cOur edge is that we have penetrated the China market for years, even before they opened their doors to the world. And it is also to our advantage that we speak and understand their language and culture,\u201d he added.<\/p>\n

Dr Wee pointed out that the Digital Free Trade Zone (DFTZ) is another platform for local SMEs to expand their markets, as the DFTZ makes it easier for them and e-commerce businesses to sell their products globally.<\/p>\n

Prime Minister Datuk Seri Najib Tun Razak had recently said that he wanted at least 10,000 SMEs to take part in Chinese e-commerce giant Alibaba\u2019s Singles Day sale and Malaysia Week online promotion next year.<\/p>\n

The Singles\u2019 Day sale is a 24-hour shopping promotion.<\/p>\n

Dr Wee said China has been Malaysia\u2019s largest trading partner for eight consecutive years since 2009.<\/p>\n

He said this conference is timely as the people of both countries are constantly looking forward to connect, engage and explore the many possibilities for them to work together.<\/p>\n

The Malaysia-China Entrepreneur Conference is held annually since 2011 by the Malaysia-China Chamber of Commerce. It was held twice outside Malaysia \u2013 in Xiamen and Chengdu in China in 2014 and 2016.<\/p>\n

According to the MCEC 2017 website, this year\u2019s theme is \u201cThe Road\u201d, which symbolises access.<\/p>\n

Source:\u00a0The Star\u00a0<\/a>26 Nov 2017<\/p>\n","protected":false},"excerpt":{"rendered":"

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