kuala lumpur: Malaysia appreciates recent policies introduced in China. The government is actively developing measures to stimulate domestic consumption.
Tengku Datuk Seri Zafrul Abdul Aziz, Minister of Investment, Trade and Industry, said he viewed this as a positive step in the right direction.
“The concern is that due to limited access to the US, it has broadly impacted not only on the possibility of Chinese products flooding into other markets, but also on other exporters, including exporters from Malaysia, Indonesia or Vietnam.
“These new domestic consumption measures from China could help mitigate both direct and indirect effects on regional trade,” he said in an interview uploaded to today’s X account.
Tengku Zafrul made this comment in response to questions about promising initiatives by China’s private sector. The comment pledges that major e-commerce platforms will promote domestic consumption by sourcing products from Chinese exporters and promoting them in local markets.
One example is Chinese e-commerce giant JD.com, which promises to purchase around US$27 billion worth of goods from Chinese exporters for the domestic market next year.
Tengku Zafrul believes this is a positive development and that Malaysia should work closely with China to explore further cooperative opportunities, particularly in the context of such private sector-led initiatives.
