Collaborate with Chinese firms, Malaysian companies told

Free Malaysia Today

A business leader says Malaysian companies will face significant challenges competing with Chinese enterprises in manufacturing, technology and new energy.  Read More: https://www.freemalaysiatoday.com/category/nation/2024/09/25/collaborate-dont-compete-with-chinese-firms-malaysian-companies-told/  Laporan Lanjut: https://www.freemalaysiatoday.com/category/bahasa/tempatan/2024/09/25/kerjasama-bukan-bersaing-dengan-firma-china-syarikat-malaysia-diberitahu/  Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: https://bit.ly/49JJoo5 Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h Follow FMT on TikTok : https://bit.ly/3uKuQFp Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX Follow FMT LinkedIn - https://bit.ly/42YytEb Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTNews #China #Business #Collaborate #BRI

Transcript

00:00Malaysian companies should avoid trying to compete directly with Chinese firms.

00:06Instead, a business leader said it should collaborate with them under China's Belt and Road Initiative.

00:12Tang Zhe Nian, president of the Malaysia Guangdong Chamber of Commerce,

00:16said local companies will face big challenges competing with Chinese businesses

00:20in manufacturing, technology and new energy sectors.

00:24Tang said Chinese companies are leading in these fields,

00:28mainly because of their large domestic market,

00:30while the Chinese government is dedicated to helping them compete internationally.

00:35To ultimately lead to win-win outcomes,

00:37he said Malaysian companies should complement the efforts of Chinese companies,

00:41which introduced high-tech innovations and advanced technologies.

00:45He called on Malaysian companies to play to the country's strengths in resources with great potential,

00:51such as palm oil, durian and other natural resources.

00:55Tang also suggested forming strategic partnerships with Chinese officials and businesses

01:00to encourage technology transfer, training and create opportunities for Malaysians to study in China.

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