KUALA LUMPUR: Malaysia has been perceived as the
favourite investment destination, out of four Asean countries, by a delegation
of corporate captains and entrepreneurs from China.
Delegates at the China-Malaysia
Strategic Business Partnership Forum told StarBizWeek they were impressed by
the hospitality and helpfulness of government representatives and the public
during their short two-day visit to Kuala Lumpur.
Kuala Lumpur was the final leg of
an eight-day tour that also included Bangkok, Jakarta and Singapore for the
delegation, which aimed to select two Asean cities to be business investment
and incubation centres for Chinese enterprises.
“These two Asean cities will be
the first stops for Chinese enterprises that are keen to explore, invest and
expand in the Asean region,” said China Daily Asia Pacific senior advisor
Alexander Wan.
The delegation's tour was jointly
organised by the China Daily Asia Leadership Roundtable and Aigo Entrepreneurs
Alliance. The Star was a media partner at the roundtable.
“This is a long-term strategic
plan whereby the establishment of business investment and incubation centres
can leverage on the local government's assistance, information and network.
“Naturally, the two selected
Asean cities will be the first stops for Chinese enterprises to invest and
create jobs,” said Wan.
While the official results of a
vote taken by the delegation concerning the selection of the two Asean cities
have not been released, sources told StarBizWeek that an overwhelming majority of
the delagates had picked Kuala Lumpur as their top choice.
Malaysian Investment Development
Authority (MIDA) director of metal and fabrication industries division Tan Chee
Chai said the Government was commited to providing a conducive business
environment for investors in Malaysia.
Tan also said MIDA was adopting a
more focussed approach in attracting quality investments in new growth areas
and emerging technologies in line with the Government's efforts to turn
Malaysia into a high-income nation by 2020. He pointed out that last year,
China was Malaysia's largest trading partner, export destination and source of
imports.
In 2011, Malaysia was China's
eighth largest trading partner and source of imports, as well as its 18th
largest export destination.
“These are the resulting
positives for Malaysia due to the market access opportunities from the Free
Trade Agreement signed between Asean and China,” said Tan.
The forum panelists were Aigo
Digital Technology Co Ltd chairman Feng Jun, Bank of China (Malaysia) Bhd chief
executive officer Zheng Jingbo, ZTE Corp director of human resources and
corporate relations (Asia Pacific) Lindsay Zhang Ling Zhi, Malaysia-China
Chamber of Commerce honorary advisor Ng Lip Yong and Wan.
Zhang said the business volume of
ZTE Corp (a Chinese provider of telecommunications equipment and network
solutions) in Malaysia had grown tremendously in the last decade.
THOMAS HUONG
Business & Investment Opportunities
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