In recent years, the relationship between Malaysia and China has become increasingly close, especially in the economic and trade areas. With the implementation of the ASEAN Economic Community (AEC) and the formation of the Regional Comprehensive Economic Partnership (RCEP), Malaysia also plays a pivotal role in this regional economy. In order to expand the bilateral trade between Malaysia and China, it is necessary to open up new areas of economic and trade and target new enterprises.

We should explore the potential of cooperation with the China's emerging industries, such as e-commerce. We should acquire the advanced technology from China and enhance the development progress in Malaysia.

The issue of China's food hygiene and safety issues are the concern of everyone, such as the milk powder in China, many people lack confidence in food safety. However, if these enterprises consider investing in Malaysia, obtaining our certification, classifying as made in Malaysia, and then selling back to China, this can solve their issue and increase our trade surplus.

In fact, Malaysia uses a large number of China products and invests a considerable amount in China. However, the degree of investment from China has yet to be improved. We have to promote more Malaysian products into the market of China, such as our food industry. We have a lot of Nanyang (Southeast Asia) flavor products here. With the rising standard of living in China, the people are also interested in trying overseas products, food, attire (batik) and other daily necessities with Nanyang (Southeast Asia) characteristics.

Malaysia’s economic structure is still a more traditional model of developing countries, relying on manufacturing and natural resources. This economic structure must be transformed, optimized, investigated in how to enhance the added value and increase the ratio of service sector, and utilized better way to promote and produce.

When a developing country is moving to a relatively high level of development, the ratio of service sector will be increasingly higher. We foresee the ratio of service sector in Malaysia will continue to increase in the future. I believe that manufacturing industry as the foundation for economic development is important, but enhancing the service sector is bound to be the future trend. If the cost of the manufacturing industry in China is cheaper than our country, Malaysia and China should cooperate in the manufacturing industry and export the products.

Another feature of Malaysia is the halal market, Islamic finance, halal food manufacturing, halal certification and so forth. These areas can increase the income of Malaysia. For the businessmen in China, they favor the Malaysian halal industry. They would like to cooperate with our country to enter the huge halal market.

Due to the uncontrollable factors, it will be difficult to reach the target of USD160billion bilateral trade volume in 2017 which was set by the leaders of Malaysia and China three years ago.

In view of the economic downturn in the world economy over the past two or three years, the weakening of ringgit and the slowdown in China's economy, it is understandable that the goal cannot be achieved. But as long as the trade volume this year is more than last year, the trade deficit between the two countries will be reduced; it will be a positive development for our country.

From the practical level of operation, we would like to see new elements in the bilateral trade, such as whether the trade deficit with China will be reduced, whether there will be new industries in the economic and trade investment, whether all the races in Malaysia are involved in this economic and trade tide. The structure of the whole bilateral trade must be optimized in order to withstand the recession in the world.
The distinguishing feature of the Malaysia-China Chamber of Commerce (MCCC) is its focus on attracting youth, women, emerging industries entrepreneurs and multi-ethnic entrepreneurs. MCCC is the first business association in Malaysia to set up Youth Wing and Women Entrepreneur Committee. By setting this up, MCCC hopes to recruit more women entrepreneurs and youth to join and cultivate more qualified entrepreneurs.

I also wish to set up the branch authorization policy as soon as possible and assign the National Council Members to different committee and do their best. In order to sustain a stable and long-term relationship between Malaysia and China, we must encourage more non-Mandarin speakers to do business in China. This is not only to explore new consumers, also to boost trade volume as well as to create a solid foundation for bilateral relations towards a complete trading system where it does not only involve one ethnicity.

When other races come in contact with China, only then they can really understand the plans behind the rise of China. The Belt and Road initiative is to create a win-win situation, rather than to deprive each other's resources and business opportunities. Assuming that other races are involved and cooperate with China, our vision will be more comprehensive and able to serve the needs of the local community. Couple with the mindset of other races and non-Mandarin-speaking Chinese, it will be better in expressing the views of the nation and striving for a bilateral relation that brings mutual development and prosperity.

We must establish this consensus, not only from the perspective and interest of the people, but also assist in building the relationship between Malaysia and China. This vision and consensus on the future development of bilateral relations will be more robust, unbreakable, and not easily sabotaged by others.

The President of China, Xi Jinping, proposed that "people-to-people bond" is very important and pragmatic when two countries are cooperating. As this will enable other countries to recognize China’s peaceful rise and treat China as a favorable partner to share mutual prosperity. This will create a positive impact to the world in terms of peace and prosperity.

I think that the relationship between the nation in Malaysia and China are an important part of the future of Malaysia, not only in the economic relations, but also in the cultural and educational exchanges.

Due to historical reasons, Mandarin was frequently used as a medium in MCCC in the past. Therefore, it is inconvenient for non-Mandarin speakers to join. MCCC then sets up an English Speaking Committee to attract other races or non-Mandarin-speaking Chinese to join and hopes that the committee will be more active in the future.

MCCC has been providing opportunities for the business community in the past. It has actively organized trade missions and delegations to China to participate in a variety of forums and fairs, such as the Canton Fair, Guangdong 21st Century Maritime Silk Road International Expo and other fairs in other regions of China. These have attracted a lot of other races to travel together.

With the increasingly closer relationship between Malaysia and China, there are numerous areas that our country can acquire from China, including the form of Internet Plus and investment method.

China's remarkable rapid growth is what we need to learn from. Before the rise of China, it started from a lower development level than our country, then on par with our country, and finally achieved the great leap forward. We should learn how they achieved the great leap from a similar state as Malaysia, especially its investment method, service, package and so forth in the first-tier cities.

Looking at the current global market, the only market that is rapidly growing is the China market. The Chinese in our country is proficient in Mandarin and shares the same language as China. The next rapidly growing market is the Indian market. The Indians in our country also share the same language as India. In the vast halal market, our country has Malays to assist in this.

Malaysia is said to be a blessed country. We should grasp the long-standing friendly relations between China and Malaysia and the opportunities to further promote bilateral relations.