Wednesday August 29, 2012
Continued growth in M’sia-China trade
By NG BEI SHAN
PETALING JAYA: The Malaysia-China Chamber of Commerce (MCCC) is confident that bilateral trade will continue to grow this year as there are increasing opportunities from China's inland cities.
MCCC secretary-general cum youth president and the chairman of the general affair committee Joseph Lim said there was the growth potential in China's second-tier cities.
“The growth rate for first-tier cities like Shanghai, Beijing and Guangzhou is plateau compared to the up and coming secondary cities.
“Population is growing in the second-tier cities and demand will grow as well,” he told reporters after the announcement of the speakers' line-up for Malaysia-China Entrepreneur Conference (MCEC). MCCC co-organises the event with TNT Express Worldwide (M) Sdn Bhd.
According to Matrade, China's second-tier cities account for 51.3% of the republic's imports. Some of the cities that are growing rapidly include Chengdu, Chongqing, Xi'an, Zhengzhou and Shenyang.
Lim said China was still strong in exports to the South-East Asia region although its internal demands have softened.
Total Malaysia-China trade from January to June 2012 increased 14.6% to RM88.85bil.
Malaysia's main exports to China include electronic goods and natural resources like palm oil, rubber, tin, petroleum and timber, Lim added.
Exports from Malaysia to China increased by 3.5% to RM44.25bil in the first six months ofthis year.
MCEC will be held on Sept 8.
The three speakers are Horizon Research Consultancy Group chairman Dr Yuan Yue, Success through Multiple Intelligent Training Centre founder Professor Zhai Jie and Perfect (China) Co Ltd president Woo Swee Lian. The event has attracted more than 700 participants including 300 from overseas.