Malaysia needs China’s partnership to develop digital economy — Nie Ching - MIDA | Malaysian Investment Development Authority
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Malaysia needs China’s partnership to develop digital economy — Nie Ching

Malaysia needs China’s partnership to develop digital economy — Nie Ching

20 May 2024

China, which has been Malaysia’s largest trading partner for 15 years, is a vital partner in the development of the telecommunications and digital economy in Malaysia.

Deputy Communications Minister Teo Nie Ching said Malaysia and China have complementary strengths in the telecommunications and digital economy, allowing both sides to collaborate and create new opportunities for businesses and consumers.

“The CSITE (China Smart Industry Trade and Culture Exhibition) 2024 stands testament to robust relations between Malaysia and China… Our countries share a long history of cooperation in technology, and this exhibition provides a valuable opportunity to further strengthen our ties.

“I would like to thank PUCM (China Entrepreneurs Association in Malaysia) for organising such a wonderful exhibition, bringing participants from the AI (artificial intelligence) and AI-related industries to Malaysia to strengthen bilateral cooperation across various sectors,” she said.

Teo said this in her speech before officiating CSITE 2024 here today. It was also attended by China’s Ambassador to Malaysia Ouyang Yujing and PUCM president Datuk Keith Li.

The two-day exhibition gathers nearly 100 companies from Malaysia, China and Singapore covering fields such as smart technology, industry, culture and education.

Teo said China has accounted for 17.1 per cent of Malaysia’s total trade for the past 15 years, and, based on the data from the Malaysia External Trade Development Corporation, total trade between Malaysia and China grew by 3.3 per cent year-on-year as of March this year, reaching RM112 billion.

She expressed hope the exhibition will be a milestone, strengthening the friendship and cooperation between Malaysia and China.

“Together, let us move forward hand in hand to create a brighter future,” she said.

Source: Bernama