Miti Blog

Ministry of International Trade and Industry Malaysia Official Blog

Tag Archives: China

Malaysia-China Trade To Rise To US$110 Billion In 2015, Says Matrade
November 18, 2015 , by vox vox

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...

Read More
Next round of industrial revolution
October 15, 2015 , by admin2

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...

Read More
MIDA Opens Third Office In China
October 13, 2015 , by admin2

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...

Read More
MIDA Opens Third Office In China
October 13, 2015 , by admin2

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...

Read More
MARKET DIVERSIFICATION AND NEW GROWTH AREAS
July 6, 2015 , by admin2
MITI and its agencies will intensify trade diversification efforts into non-traditional markets and promote investments in new growth areas including renewable energy industry, which are high value-added and technology-intensive. These include new trade and investment promotion strategies including to the new and emerging economies of Brazil, Russia, India and China. A total of 10 Trade and Investment Missions and 25 Specific Project Missions have been planned for 2009.
Read More
CHINA'S FOREX RESERVES REACHES US$2.13 TRILLION
July 6, 2015 , by admin2
China’s foreign exchange reserves stood at US$2.13 trillion as at end June 2009, indicating that China’s economy is on track for recovery. Asian Development Bank noted that the rapid growth in China’s foreign exchange reserves was led by the rising trade surplus and by the confidence of overseas investors as they buy up China’s assets. China’s trade surplus in the first half of 2009 was US$96.94 billion. The stock and property markets remained bullish. China’s shares have rallied 70% from the beginning of the year. Property sales surged 53% to reach 1.58 trillion Yuan (US$231.3 million) as investors took advantage of low interest rates. China’s property and equity markets are closely watched by international speculative fund holders. It is believed that the bullish property and equity markets are among the reasons contributing to the surge in China’s foreign exchange reserves.  
Read More
CHINA ADOPTS ‘GREEN PROCUREMENT’ STRATEGY
July 6, 2015 , by admin2
China’s State Council (Cabinet) has directed its local governments to buy more energy-efficient, eco-friendly and energy-saving products in its public purchases. This latest directive is pursuant to the stricter implementation of China’s ‘Government Purchase Law’ which contains a compulsory green procurement list comprising nine types ofproducts – air conditioners, fluorescent lamps, televisions, electric water heaters, computers, printers, computer monitors, urinals and toilet pans and water nozzles. China has targeted local authorities as a prime mover to achieve the nation’s overall objective of ‘cleaner’ economic growth: - local authorities, by virtue of their relatively larger spending power, have the capacity to implement utilization and supply of green products to their projects and programmes to help reduce any negative environmental impact; - environmentally improved products are often niche products and increased demand by local authorities will help...
Read More
ENHANCING INTERNATIONAL USE OF RENMINBI
July 3, 2015 , by admin2
China has launched several pilot Renminbi programmes over the years and the pace has quickened since the onset of the global financial crisis. Programmes introduced by China in the last 12 months, intended to enhance the international use of the Renminbi, included: • yuan-denominated cross-border trade settlement and trade financing; • yuan bonds issued by policy banks; and • currency swaps. Recently, China launched a Renminbi sovereign bond issue worth 6 billion yuan (US$878.5 million) in Hong Kong and this marked the key milestone in the internationalisation of the Renminbi. Holders of the Treasury bonds will enjoy guaranteed interest of between 2.25% to 3.3% depending on the terms subscribed. The sale of the bonds is expected to end on 20 October 2009. Given the impact of the global financial crisis, prudent investors are increasingly favouring demand for sovereign bonds issued by a strong economy like China, compared with the corporate bond market. Prior to the...
Read More
Malaysian Businesses Must Capitalise On Competitive Edge In Service Sectors
July 2, 2015 , by admin2
Malaysian businesses should capitalise on their competitive edge in the service sectors to tap preferential trade facilities under the China-Asean Free Trade Agreement (CAFTA), said International Trade and Industry Deputy Minister Datuk Mukhriz Mahathir. “I see there is less competition in the services sector as it is totally different from other sectors..it very much depends on quality. “I think Malaysians have certain inherent advantages that we should make full use of,” he told Bernama on the sidelines of the “2010 FOCAFTA” seminar here on Thursday. Mukhriz said there was massive construction going on in many parts of China where Malaysian companies could provide architecture or design services to China. “China can look up to our capablities in this aspect. This is one area we can pursue further,” he said, adding that China was a huge market which also offered business opportunities in several other sectors for Malaysians. Mukhriz said if Malaysian businesses...
Read More
MITI Weekly Bulletin Volume 114, 26 October 2010
June 25, 2015 , by admin2
Highlights of the MITI Weekly Bulletin, Vol. 114 include: Chongqing to Become a Regional Financial Centre Chongqing, the largest municipality directly under the control of the central government of the People’s Republic of China, is set to become a regional financial centre by 2015. Currently, the Chongqing Municipal Government provides favourable local and foreign tax policies for foreign investments. Shanghai Takes Lead In E-Book Development The development of the e-Book industry in China has transformed Shanghai as a base to spearhead the development of the industry, in particular the digital content sector. Malaysian manufacturers should take full advantage of the e-Reader boom in China to launch suitable products which are competitively priced, but also feature more value-added functions for the Chinese market. Anti Dumping Duties On 23 October 2005, the Government of Malaysia imposed anti-dumping duties on imports of polyethylene terepthalate originating in or...
Read More

Type Your Search Here

A PHP Error was encountered

Severity: Notice

Message: Undefined index: announce_display_type

Filename: libraries/Announcements_plugin.php

Line Number: 563

A PHP Error was encountered

Severity: Notice

Message: Undefined index: announce_display_type

Filename: libraries/Announcements_plugin.php

Line Number: 565

A PHP Error was encountered

Severity: Notice

Message: Undefined index: announce_display_type

Filename: libraries/Announcements_plugin.php

Line Number: 563

A PHP Error was encountered

Severity: Notice

Message: Undefined index: announce_display_type

Filename: libraries/Announcements_plugin.php

Line Number: 565

A PHP Error was encountered

Severity: Notice

Message: Undefined index: announce_display_type

Filename: libraries/Announcements_plugin.php

Line Number: 563

A PHP Error was encountered

Severity: Notice

Message: Undefined index: announce_display_type

Filename: libraries/Announcements_plugin.php

Line Number: 565

Tags

4PU ACEAN AEC AFAS AFTA AKI APEC ARBC ASEAN ASEAN Business Advisory Council (ABAC) ASEAN Regional Business Council ASEAN- India FTA ASEAN-India FTA AirAsia Alternative medicine Andrew Robb Anti- Dumping Anugerah Kecemerlangan Industri Apollo Hospitals Apparels Apps Store Asean Economic Community Asean Framework Agreement on Services Asian Development Bank Australian Minister for Trade and Investment Automotive Industry Axiata BDO BNM Babar Ali Khan Bangladesh Bank of China Bogor Goal Brazil Budgets Bumiputera CEO CEPT CHINA CIDB CIMB COO Caexpo Cement and Concrete Association (C&CA) Channel News Asia Chemical Company of Malaysian Berhad (CCM) Chile China China-ASEAN China-ASEAN FTA Confederation of Indian Industry Conference Construction Industry Development Board Consumers DIGI DOHA Dato' Seri Mustapha Mohamed Datuk Dr Rebecca Sta Maria Datuk Hamim Samuri Datuk Ir Hamim Samuri Datuk Jacob Datuk Mustapa Mohamed Datuk Naimun Ashakali Mohammad Datuk Seri Mustapa Mohamed Datuk Seri Mustapha Mohamed Datuk Seri Najib tun Razak Doha Development Agenda ELV Policy EPU ETP Economic Planning Unit Economic Policy Leaders programme Economic Transformation Program Economic Transformation Programme Economy Eelco Eksport Eksports Eports European Commission (EC) Events Export Exports FDI FOKEM FTA Federal Governmen Federation of Malaya Fiscal policy Committee (FPC) Food Forbes Foreign direct investments Foreign investments Forum Ekonomi Dunia GDP GE GST GTP Global Market Globecycle Goods and Services Tax Government Transformation Programme Groom Big HACCP-certified HDC HP Halal Halal Development Industry Halal Development Industry Corporation Halal Industry Development Corp Halal Ingredients Asia 2015 Hoekstra ICT IJM Corp Berhad IMD INSKEN INVESTMENT MISSION IPI IT Import Imports India Indian Commerce and Industry minister Nirmala Sitharaman Industries Industry Information and Communication Technology (ICT) Infrastructure Development Finance Company Institute for Management Development International Trade and Industry InvestKL Investents Investment Investments Jabatan Kemajuan Islam Malaysia Jakim Jeli Jepun Jom Masuk IPT (KPTN 2015) KELANTAN KSU Karnival Karnival Pendidikan Tinggi Negara Khazanah Nasional Khazanah Nasional Bhd Kulim Hi-Tech Park LIMA LIMA'15 LNG Laporan World Competitiveness Yearbook (WYC) Lawatan Lembaga Pembangunan Industri Malaysia Lexus MAI MATRADE MAlaysian Economy MGCC MIDA MITC MITI MITI Deputy Secretary-General MITI Report MITI Weekly Bulletin MITI Weekly Bulletin trade MITI report MITI weekly Bulletin MITI] MNC MOF MPC MTFTA Malaysia Malaysia Airports Holdings Berhad Malaysia Automotive Institute Malaysia Economy Malaysia Entrepreneurship Forum 2015 (MEF) Malaysia External Trade Development Corp Malaysia External Trade Development Corporation Malaysia International Halal Showcase Malaysia-China Trade Malaysia-India Comprehensive Economic Cooperation Agreement Malaysian Airlines Bhd Malaysian Economy Malaysian Industrial Development Finance Bhd Malaysian Palm Oil Board Malaysian Report Malaysian Standards Malaysian economy Malaysian pavilion Manufacturing Manufacturing Industry Maybank Media Release Menteri Perdagangan Antarabangsa dan Industri Microsoft Mid Tier Companies Development Programme Minister of Commerce of China Gao yan Minister of International Trade and Industry Ministry of Finance Ministry of International Trade and Industry Miti Miti Report Miti Weekly Bulletin MyASEAN Internship Programme NAP NAP review National Automotive Policy Nestle Networking OIC OIC-Asia Trade and Economic Forum 2015 Organisation of Islamic Cooperation P Ravindran PEMANDU PEMUDAH PKS PLKN PPD Pameran Maritime dan Aeroangkasa Antarabangsa Langkawi 2015 Parts and Components Pembangunan Industri Halal Sdn Bhd Pengurusan Prestasi dan Pelaksanaan (PEMANDU) Perbadanan Perbadanan Pembangunan Industri Halal Sdn Bhd Perbadanan Pembangunan Perdagangan Luar Malaysia Performance Management and Delivery Unit Perjanjian Perdagangan Bebas Perusahaan Kecil dan Sederhana Petronas Play Store Policy Perspective Preferential Tariff Rate Program Pembiayaan Usahawan Wanita Program Transformasi Ekonomi Pusat Dagangan Antarabangsa Melaka Pusat Transformaasi Luar Bandar (RTC) Quality R&D RCEP ROO Ranhill Regional Comprehensive Economic Partnership Road Sectors Royal Vopak Russia SCE SDSI SIRIM SIRIM QAS International Sdn Bhd SME Bank SME CORP SME Corp SME corp Malaysia SMECorp SMEs SPS STA Sadguru Polymers Pvt Ltd & Triace Solution SapuraCreest Satu Daerah Satu Industri Securities Commision Service Industry Service Sector Service Sectors Service sector Service sectors Services Sector Services sector Shell Shell Malaysia Shell Malaysia Ltd(SML) Shell Refining Company Showcase Groom Big Sime Darby Singapore Corp Enterprise Small and Medium Scale Industries Sri Mustapa Mohamed Strategic Trade Bill Success Story Sunway Sunway Group THE 12th China-Asean Expo TM TOK BALI TPP TPP trade TPPA TTPA TV Show Tariff Elimination Temasek Foundation Tenaga Nasional Bhd's The 21th ASEAN Economic Ministers (AEM) The Economic Planning Unit (EPU) The Malaysian Investment Development Authority The New Global Context The World Trade Organisation (WTO Toyota Camry Trade Trade Figure Trade Performance Trade Review Trans Pacific Partnership Trans Pacific Partnerships Trans-Pacific Partnership Agreement UMW Corporation UMW Holdings Berhad UMW Toyota UNCTAD US Universiti Malaysia Kelantan (UMK) Untag Usahawan Bumiputera Vehicle End-of-Life Policy Voluntary Partnership Agreement (VPA) WCC WCY WEF WEP WHS WORLD ECONOMIC FORUM(WEF) EAST ASIA 2014 AND TRADE & INVEST WTO World Competitive Centre World Competitiveness Center (WCC) World Competitiveness Yearbook (WCY) World Economic Forum World Halal Conference 2015 World Halal Summit YB Dato' Sri Mustapa Mohamed ZICOlaw application auto automotive bangladesh bank negara malaysia bilateral relation biojisim biomass business business facilitataion business facilitation cars 15 years cement industry competitiiveness competitive competitiveness competitveness currency e&e economy education electrical electronics emerging market environment eport World Competitiveness Yearbook 2014 export exports felda food manufacturing fore foreign direct investments foreign trade forex free trade agreement green technology gross domestic product healthcare highway hong kong import imports india industries industry interest rates international standards investmen investment investments irAsia iron and steel japan jepun kdnk kelantan liberalisation logistic low carbon malaysia malaysian business manila manufacturing mecc metal sub-sector middle east mihas miti motor vehicles national green technology national timber policy non-Islamic nations non-tariff north africa packaging policy review portland cement proton public service delivery renminbi research and development retails road transport sales showcase small and medium enterprises small and medium enterprises (SMEs) sme sme corp sme corp malaysia sme master plan smi smidec syarikat berstatus multinasional tariff tax incentive textiles the Asociation of Southeast Asian Nations the electrical and electronics the government's 11th Malaysian Plan tnb tourism trade tradisional medicine tube programme usahaw value added visit wood wood-based products world economic forums