China’s plan to boost local consumption could ease pressure on Malaysian exports, Tengku Zafrul says
Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz delivers remarks during a conversation session titled ‘Fostering Business Expansion and Transforming Talent & Technology’, held in conjunction with the Johor-Singapore Special Economic Zone (JS-SEZ) Joint Business and Investment Forum at Persada Johor International Convention Centre. — Bernama pic
Tuesday, 22 Apr 2025 9:15 AM MYT
KUALA LUMPUR, April 22 — Malaysia appreciates the recent policies introduced in China, as the government actively formulates measures to stimulate domestic consumption.
Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said he sees this as a proactive step in the right direction.
“The concern has not only been about the possibility of Chinese products flooding other markets due to restricted access to the United States, but also the wider implications for other exporters, including those from Malaysia, Indonesia or Vietnam, who may now face increased competition in third markets.
“These new domestic consumption measures from China could help mitigate both the direct and indirect impact on regional trade,” he said in an interview uploaded on his X account today.
Tengku Zafrul made this comment in response to a question about promising initiatives by China’s private sector, where major e-commerce platforms are pledging to boost domestic consumption by sourcing products from Chinese exporters and promoting them within the local market.
One example is Chinese e-commerce giant JD.com, which has pledged to purchase approximately US$27 billion worth of goods from Chinese exporters over the next year for the domestic market.
Tengku Zafrul said this would be a positive development and believes Malaysia should continue to work closely with China to explore further collaborative opportunities, especially in the context of such private sector-driven initiatives. — Bernama
THIS ZAFOOL IS REALLY A FOOL - What use to Malaysia when China increase their own Product Consumption??? Woi Bodoh DIAM LAGI BAIK...AND PKR WANT YOU TO BE MB SELANGOR....PI MAMPUS AND MAKE SURE PSM FOR AIR KUNING.....PSM FOR TAMBUN IN GE16 IF ANWAR STAND THERE AND PSM FOR Bagan Datuk.....ABU & ABeU....ANYTHING BUT UMNO OR EX UMNO CORRUPTED BANGSAT!!...IN 2025 THIS BANGSAT UMNO STILL THINK NAJIB IS INNOCENT DESPITE BEING IN JAIL AND SUE TAN AND AH LONG THINKS IT IS ACCEPTABLE GIVING HIM DISCOUNT ON HIS JAIL TERM AND CRIME??....BUT UNACCEPTABLE FOR MISSING CRESCENT!!! ?? APA PUNYA LOGIK INI>???
ReplyDeleteDelusional Zafrul.
ReplyDelete5,000 Year-old Bullyland only imports commodities that it does not produce or only produces with difficulty.
ALL Other imported items that China has it's own manufacturing capability are subject to severe , often prohibitive tariff and non-tariff barriers .
What kind of delusional fart!
DeleteChina imports almost everything. Many r available in the market within a competitive environment.
Strategic items like foodstuffs & fuel r stockpiled, despite enough internal production. This is to prevent commodity prices hijacking by foreign vultures & thus maintaining stable domestic prices.
This Wet-Behind-The-Ears Minister is bullshitting. The purchasing income of Old Bullylanders is a fraction of the Young Bullylanders. This coming Xmas can they afford to buy the 20 million units of iPhone17 instead of a cheap Xiaomi? Will they buy up all the Xmas gifts? The manufacturing is set up to meet the demands of a foreign market. Old Bullylanders cannot afford or buy in sufficient quantities.
ReplyDeleteMfer, iPhone sales have been dropping out from favorable list. ie Huawei models costing higher than iPhone16 r selling like hotcake & with long waiting list.
Delete"The purchasing income of Old Bullylanders is a fraction of the Young Bullylanders"
Where is ur mfering statistical game of averaging?
Ooop… in term of PPI yr lie is been crushed kaw kaw.
Well, no need to enlightening a know- nothing dickhead trying to play numeric acrobat.