KUALA LUMPUR, Oct 12 (Bernama) — Malaysia External Trade Development Corporation (Matrade) expects total trade between Malaysia and China to increase to US$110 billion (US$1 = RM4.17) this year from US$102 billion last year.

Matrade Chief Executive Officer Datuk Dzulkifli Mahmud said the increase would be driven by a commitment made by both nations to increase two-way trade to US$160 billion by 2017.

“Despite the current economic challenges, China remains our important trading partner whereby during the first eight months of this year, our trade with China increased 9.6 per cent to RM147.55 billion.

“Our exports to China rose 9.3 per cent to RM65.17 billion while imports rose 9.8 per cent to RM82.18 billion,” he told a press conference after officiating the “Leveraging on Renminbi to Enhance Exports to China” seminar here Monday.

The half-day seminar was organised by Matrade as part of its effort to encourage local companies to use renminbi in their trade with China...

E-commerce is another avenue to grow businesses, and both Malaysian and Chinese SMEs are taking advantage of it.

THE 12th China-Asean Expo (Caexpo) in Nanning, Guangxi province concluded on Monday (Sept 21), after four days of trading and business matching.

A billboard near the venue advertised: “You are just one handshake away from the market of 1.9 billion people,” referring to the combined pop­u­lation of 1.3 billion from China and 620 million from 10 Asean cou­ntries.

The Malaysian pavilion was the busiest at the Caexpo.

Visitors thronged the hall for the food and beverages, health and wellness products, lifestyle products and other services offered by the exhibitors.

While goods changed hands and meetings between potential partners took place under the Jalur Gemilang hanging from the hall ceiling, small and medium enterprises (SMEs) were encouraged to give e-commerce a try.

International Trade and Industry Minister II Datuk Seri Ong Ka Chuan, who opened the...

BEIJING, Sept 9 (Bernama) — The Malaysian Investment Development Authority (MIDA) on Tuesday opened its third office in China to further woo investments.

Malaysian Minister of International Trade and Industry, Mustapa Mohamed, said the office, after Shanghai and Guangzhou, was to serve and facilitate Chinese investors amid their strong interests to invest in Malaysia.

He said the office would enhance MIDA’s efforts to attract Chinese companies to invest in Malaysia as well as act as a resources centre for interested companies looking for business and investment opportunities in Malaysia.

“China is a very important country for Malaysia and we hope the new office would further attract their investments,” he told reporters after officiating MIDA’s office here Tuesday.

Mustapa said the Chinese companies had strong presence in Malaysia’s construction industry as well as in property, manufacturing, services and ports.

He said Malaysia had seen an increase in investments...

BEIJING, Sept 9 (Bernama) — The Malaysian Investment Development Authority (MIDA) on Tuesday opened its third office in China to further woo investments.

Malaysian Minister of International Trade and Industry, Mustapa Mohamed, said the office, after Shanghai and Guangzhou, was to serve and facilitate Chinese investors amid their strong interests to invest in Malaysia.

He said the office would enhance MIDA’s efforts to attract Chinese companies to invest in Malaysia as well as act as a resources centre for interested companies looking for business and investment opportunities in Malaysia.

“China is a very important country for Malaysia and we hope the new office would further attract their investments,” he told reporters after officiating MIDA’s office here Tuesday.

Mustapa said the Chinese companies had strong presence in Malaysia’s construction industry as well as in property, manufacturing, services and ports.

He said Malaysia had seen an increase in investments...