China, Cina dan Kita.
Selamat Pagi Malaysia. Let us start the week with an attempt to understand that together we are stronger, and by together I mean not only you, me, and the multi-ethnic people who all call Malaysia their home, but also all of us globally. Once our global trading friends were the British, then we look to Japan, to the countries in Asia and now, the emergence of China as one of, if not the biggest economy globally, will surely impact upon us locally.
Take heed of what Tan Sri Sheriff says about China in his thought-provoking words that I share with you guys. Being civil with each other is will not only the thing to be and do in a multi-racial country such as ours but an economic necessity if we want to be part of the prevailing global economic realities.
Increasingly our government has ramped up trade between China and Malaysia. Surely as part and parcel of this process, the government should also do what it must to encourage the China companies to relocate to our country if we are to be able to survive the devastation this COVID19 pandemic has wrecked upon our economy and upon the fortunes of our people. So please Malaysians, do good. Do good and be nice to one another!
Sheriff on China. In the past, when we talked about foreign investment, we thought of American, British, Europe, Japan. Since the nineties, Singapore, and the East Asian Tigers like Korea, Taiwan, and HK have become more important as foreign investors. But now China will become increasingly more important as its export manufacturers relocate to southeast Asian countries. They hope that by exporting to America from a foreign base, they will escape from the US trade sanctions on China. Whether it’s Trump or Biden, the US will get tough with exports from China because of its huge trade surplus with America.
As the China companies relocate to South East Asia for their own security, they will look for a country that can best provide local support. Malaysia has a large Chinese business community and therefore there are opportunities to find good partners to provide support services. In addition, English is widely spoken. Malaysian companies will benefit from the opportunity to expand their business by working closely with China companies.
All these opportunities will require Malaysia to maintain political stability based on multi-racial unity so as to encourage the China companies to relocate to our country instead of to other ASEAN countries. They will not choose Malaysia as their base if they find an anti-Chinese attitude here.