{"id":40076,"date":"2020-12-18T12:03:30","date_gmt":"2020-12-18T04:03:30","guid":{"rendered":"https:\/\/investpenang.gov.my\/malaysian-companies-to-leverage-on-opportunities-from-chinas-technological-rise\/"},"modified":"2025-11-28T15:36:35","modified_gmt":"2025-11-28T07:36:35","slug":"malaysian-companies-to-leverage-on-opportunities-from-chinas-technological-rise","status":"publish","type":"post","link":"https:\/\/investpenang.gov.my\/zh-hans\/malaysian-companies-to-leverage-on-opportunities-from-chinas-technological-rise\/","title":{"rendered":"Malaysian Companies to Leverage on Opportunities from China\u2019s Technological Rise"},"content":{"rendered":"

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” el_class=”sec-inner-banner” css=”.vc_custom_1703741584745{background-image: url(https:\/\/investpenang.gov.my\/wp-content\/uploads\/2023\/12\/contact-banner-bg.jpg?id=20253) !important;}” z_index=””][vc_column][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=”” el_class=”inner-banner-row”][vc_column_inner][vc_column_text]<\/p>\n

Malaysian Companies to Leverage on Opportunities from China\u2019s Technological Rise<\/h1>\n

[\/vc_column_text][vc_separator type=”normal” el_class=”red-separator” color=”#ee4023″ transparency=”1″ thickness=”2″ up=”15″ down=”15″][vc_column_text css=”” el_class=”white-text”]<\/p>\n

17 December 2020<\/p>\n

[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”grid” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” css=”.vc_custom_1703764846254{background-color: #f3f5f8 !important;}” z_index=””][vc_column el_class=”fade-in animate”][vc_empty_space height=”120px” el_class=”height-x120″][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=””][vc_column_inner][vc_single_image image=”29652″ img_size=”full” qode_css_animation=”” el_class=”single-featured-image”][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=”60px” el_class=”height-x60″][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=”” el_class=”content-row”][vc_column_inner][vc_column_text]Dec 17 – Deputy Minister of International Trade and Industry of Malaysia YB Datuk Lim Ban Hong calls for greater collaboration in the area of high-technologies between Malaysia and China to further strengthen bilateral trade, investment, and economic cooperation. This is crucial in expediting Malaysia\u2019s economic recovery due to the COVID-19 pandemic.<\/p>\n

This was what Lim shared at a webinar titled \u201cMalaysia2China: Seizing Opportunities in China\u2019s Technological Rise\u201d held on 10 December 2020. The webinar was jointly organised by the Ministry of International Trade and Industry Malaysia, its agency, Malaysia External Trade Development Corporation (MATRADE) and in strategic collaboration with the Industrial and Commercial Bank of China (ICBC Malaysia) Berhad.<\/p>\n

The webinar was part of the continuous effort to highlight opportunities arising from China\u2019s transformation to become a technology powerhouse. During the session, Lim encouraged Malaysian companies particularly from the Electrical & Electronics (E&E) sector to explore business opportunities with not only with advanced companies in conventional 1st Tier cities in China, but also with Small and Medium Enterprises in 2nd and 3rd Tier cities that are hubs of high-technology.
\n\u201cChina has been Malaysia\u2019s largest trading partner for 11 consecutive years and Malaysia has also been China\u2019s major trading partner among ASEAN member countries. This goes to show the importance of boosting trade relations between the two nations as both are interdependent with one another,\u201d Lim noted.<\/p>\n

Lim emphasised the strength of Malaysia\u2019s E&E industry, which continues to be the main contributor to the national Gross Domestic Product (GDP). In 2019, Malaysia\u2019s E&E trade was recorded at RM618.66 billion, with exports amounted to RM373.12 billion or 37.5 per cent of the total export.<\/p>\n

For the period of January to October 2020, Malaysia\u2019s total trade of E&E has increased by 1 per cent to RM522.7 billion compared to the corresponding period in 2019 despite the unprecedented challenges faced due the pandemic. \u201cMalaysia\u2019s E&E landscape is stabilising with strong demands seen for smart manufacturing capabilities, automation and technological innovations. This high demand will definitely be a catalyst to support the government\u2019s policy to increase the adoption of Industry 4.0 technologies,\u201d Lim said.<\/p>\n

Malaysia\u2019s E&E industry plays a critical role in the country\u2019s economic recovery and re-growth, following the pandemic. Lim also highlighted on Malaysia\u2019s strength in the E&E industry, as well as the country\u2019s tremendous potential to become the regional hub for advanced technology, in view of its business ecosystem and infrastructure, availability of local supply chain and talent, as well as having more than 35 years of experience in this industry. Malaysia and China can enhance its collaboration in the high-value industry and this will promote Malaysia\u2019s effort to move towards becoming a knowledge-intensive and high-end products & services hub.<\/p>\n

Source: MITI<\/a>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=”120px” el_class=”height-x120″][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

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18<\/h2>\n
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Fri<\/p>\n

December \u201820<\/p>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"author":5119,"featured_media":29652,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[316],"tags":[],"news_year":[274],"news_month":[230],"local_insights_alphabet":[],"acf":[],"_links":{"self":[{"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/posts\/40076"}],"collection":[{"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/users\/5119"}],"replies":[{"embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/comments?post=40076"}],"version-history":[{"count":2,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/posts\/40076\/revisions"}],"predecessor-version":[{"id":40081,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/posts\/40076\/revisions\/40081"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/media\/29652"}],"wp:attachment":[{"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/media?parent=40076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/categories?post=40076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/tags?post=40076"},{"taxonomy":"news_year","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/news_year?post=40076"},{"taxonomy":"news_month","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/news_month?post=40076"},{"taxonomy":"local_insights_alphabet","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/local_insights_alphabet?post=40076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}