The hottest Malaysian entrepreneurs want to make a

Malaysian entrepreneurs want to make a difference in China

Malaysian New Straits Times article on May 28, 2004: entrepreneurs want to make a difference in the Chinese market (author: hadev Kaur/hardevkaur)

the urban landscape of Beijing is rapidly changing. Modern skyscrapers, highways and some ancient historic buildings - the Forbidden City, Tiananmen Square, and of course the Great Wall, compete for people's attention

the latest car Mercedes Benz on the highway, showing a busy scene. People have formed a rare earth industry with fair development, orderly production, efficient utilization, advanced technology and intensive development, which continues the pattern of healthy development and uses less bicycles, the most important means of transportation in early China. China's construction boom has gathered huge energy, and it is currently in the preparation stage of the 2008 Olympic Games, which is particularly prominent

it is estimated that about US $30billion (RMB 114billion) is used for the construction of subways, highways and other infrastructure. The changes that are taking place in China are not limited to the changes in buildings and transportation modes. There are also some great changes being carried out that cannot be seen by the naked eye, nor can they be perceived by ordinary tourists. The changes that have taken place in the economic system, monetary system and legal basis departments are giving full play to the inherent advantages of China. The board of directors of almost all companies around the world and almost every regional and international conference are discussing China and its great potential. China's market-oriented development path sends a clear signal to the world that China is opening its mind to the outside world and hopes to participate in the process of world economic development. Entrepreneurs and businessmen from every corner of the world are going straight to the Chinese market, hoping to make a difference there

China is the country with the fastest economic development in the world. In the first quarter, China's GDP grew by 9.7%, and both imports and exports showed an increasing trend, attracting us $53billion in foreign direct investment. With the increase of income and the improvement of living standards, Chinese consumers have become more and more smart. They are no different from consumers in other parts of the world. They also yearn to change their lifestyle, enjoy modern amenities and experience the fun of travel

China is becoming the factory of the world. Everyone wants to build an automobile factory, manufacture air-conditioning facilities, sell, open convenience stores and engage in the fast food industry. Everyone wants to participate in economic activities. With this momentum of rapid development, China's demand for raw materials is also growing rapidly. It is estimated that in the past 20 years, the consumption of various raw materials in China has increased by 143% in steel, 189% in copper, 380% in aluminum, 100% in oil and 92% in natural gas. After all, China is the world's largest consumer market. China's population accounts for 21% of the world's total population, and its potential needs to be further developed. Businessmen and entrepreneurs realize this, and they will appear wherever there is an opportunity. These businessmen and entrepreneurs hope to take advantage of the cost and competitiveness provided by China to get close to consumers to the greatest extent

Malaysians also want to occupy places where they can make profits. Now, a Malaysian delegation, including datukseriabdullah ahmadbadawi, Malaysian Prime Minister, is visiting China. Some of the delegation went to China to participate in the 2004 Malaysian commodity exhibition organized by the Malaysian Foreign Trade Promotion Center (MATRADE), and others wanted to sign a memorandum of understanding with Chinese enterprises. Others don't want to miss any opportunities. They continue to rely on their own strength to do business with China. At present, there are about 500 Malaysians living in Beijing. These people have formed an association, maychamchina, which provides a forum for Malaysians and their friends to communicate with each other. Some Malaysians, including robertkuok, have been doing business in China for many years. Many other people saw China's potential long ago without giving China any opportunities. At that time, people generally believed that China was closed and it was difficult to have economic exchanges with it. But the patience and will of these Malaysians, such as high-strength and rigid Asians, have brought them rich rewards. Now, others want to catch up with them, but at this time, these latecomers have to face competitors from all over the world

there is no doubt that China has great potential. During the visit of Malaysian Prime Minister Badawi to China, the number of memorandums of understanding signed between his entourage and China increased every day

at present, Malaysia's total investment in China is US $3.1 billion, mainly concentrated in wood processing industry, computer industry, office equipment, palm processing products, food industry, infrastructure construction industry and energy supply industry. The trade volume between the two countries also shows an increasing trend. At present, Malaysia is China's largest trading partner in Southeast Asia. During the period from 1990 to 2003, the shutdown conditions showed that during that parameter period, the bilateral trade volume increased by an average of 24% per year, reaching US $13.1 billion. Similarly, China has a huge demand for goods and services, which to a large extent dominates the economic development of this region. The Chinese people are also carrying out foreign investment and foreign exchange activities. Last year, about 500000 Chinese tourists came to Malaysia for sightseeing, and this number has a further upward trend. Accordingly, more and more Malaysians also choose China as their holiday destination. China is a major importer of Malaysian palm oil and other commodities. Malaysia's exports to China have increased significantly, from US $620million in 1990 to US $6.8 billion last year. Of course, trade relations are only one aspect of the bilateral relations between China and Jinan, which are informed of the all-round and healthy development of the bilateral relations after the end of Ma's October 1 holiday. At present, both countries are consciously, consciously and carefully maintaining bilateral relations

as Datuk Abdul majidkhan, Malaysian ambassador to China, said, no one thought that the bilateral relations between the two countries could show such a healthy and stable development trend as today. But we cannot take this for granted. In order to realize the long-term common interests of both sides, the two countries should pay high attention to the development of bilateral relations