world growth

world growth

Tuesday, September 11, 2012

Malaysia-China trade to exceed US$100 billions in 2012

PETALING JAYA, Sept 8 -- Bilateral trade between Malaysia and China are guaranteed to exceed US$100 billion despite economic slowdown in China and uncertainty in the global environment, said Minister in the Prime Minister's Department Tan Sri Dr Koh Tsu Koon today.

"For the first six months of this year, total trade between both nations amounted to US$88 billion, nearly what we achieved last year of US$90 billion.

"This upward performance is expected to continue into the second half of this year and I'm optimistic we will surpass last year's record although the Chinese are facing volatility in their market currently," he said.

He said this at the media briefing on the sidelines of the Malaysia-China Entrepreneur Conference 2012 (MCEC), jointly organised by the Malaysia-China Chamber of Commerce (MCCC) and TNT Express Malaysia.

Also present were MCCC president Datuk Bong Hon Liong, TNT managing director Chong Siang Chung and the vice-president of The China Chamber of Commerce Cheng Chung Hing.

Themed "Success and You," the one-day event is a platform to exchange knowledge and experiences, promote economic operation as well as to develop communications.

MCEC organising president, Lim Heng Ee, said the conference attracted over 1,300 participants.