KUALA LUMPUR: The digital economy, the Fourth Industrial Revolution (4IR), and the adoption of sustainable development are "domains with untapped economic potentials" in the bilateral trade between Malaysia and China, said Prime Minister Datuk Seri Ismail Sabri Yaakob.
He said these three areas have untapped potential although investments and bilateral trade between the two nations have been growing steadily since 2009, whereby China has continued to be Malaysia's largest trading partner, accounting for 18.6 per cent of total trade in 2020.
The Prime Minister said this in delivering his opening address virtually at the 130th China Import and Export Fair (Canton Fair) opening ceremony here today.
Touching on the digital economy, Ismail Sabri said Malaysia had launched the MyDIGITAL initiative early this year to further accelerate the country's digital transformation.
Targeting to attract US$17.32 billion (US$1= RM4.15) in both international and domestic digital investments, the MyDIGITAL initiative would be implemented through the Malaysia Digital Economy Blueprint that plans to escalate the country's progress as a technologically advanced economy by 2030, he added.
On 4IR, Ismail Sabri said as Malaysia has embarked on its journey towards greater digitalisation, more efforts would be implemented, such as leveraging on the synergy of both the physical and digital worlds to elevate Malaysia's competitiveness.
"For this reason, we have launched the 4IR, which was built upon a whole-of-nation approach through people-private-public partnerships," the premier said. "This includes developing 4IR-enabling infrastructures for wider application of technological use while adopting an agile regulatory approach, all of those are aimed at meeting the needs of the businesses in the digital economy, as well as accelerating innovation and adaptation in technology."
On the adoption of sustainable development, Ismail Sabri said under the recently tabled 12th Malaysia Plan (12MP), the "sustainability of energy resources has been identified as one of the key factors in the economic empowerment dimension."
"Among others, this dimension includes the people-centric economy, green technology, renewable energy, and the mitigation of climate change," he added.
Ismail Sabri noted that "such areas had already been the cornerstone of China's trade and economic policies for many years, and they had been embodied in the Belt and Road Initiative (BRI) and China's 14th Five-Year Plan."
"Malaysia, being one of the first countries to support the BRI, wishes to reaffirm our confidence that this strategic and forward-looking initiative will open up more frontiers of connectivity.
"We have a firm belief that this mutual understanding will create new possibilities for growth and development across the Asia Pacific, Africa, as well as Central and Eastern Europe," he said.
Last year, Malaysia's exports to China expanded 11.1 per cent to US$37.77 billion, and China was also Malaysia's biggest import source, accounting for 21.5 per cent of total imports.
"Similarly in the investment sphere, China has become Malaysia's top investor, with investments amounting to US$4.41 billion last year, and this ranking has been maintained for the past five years since 2016," the premier noted.
He also revealed that that 71 manufacturing projects from China were approved in 2020, with an expected generation of more than 10,000 jobs in Malaysia.
-- BERNAMA
Bernama
Thu Oct 14 2021
The digital economy, the Fourth Industrial Revolution (4IR), and the adoption of sustainable development are "domains with untapped economic potentials" in the bilateral trade between Malaysia and China, said Datuk Seri Ismail Sabri Yaakob. - BERNAMA
[TERKINI] 'Tempoh bulan madu hampir tamat' - Sultan Ibrahim
Yang Di-Pertuan Agong Sultan Ibrahim, bertitah bahawa kurang dari dua minggu lagi, akan genap dua bulan baginda memegang tampuk ketua negara.
Tiada kompromi ke atas mana-mana pihak langgar hak pekerja
Kerajaan tidak akan berkompromi dan akan mengambil tindakan tegas terhadap mana-mana majikan, termasuk parti politik jika berlaku perlanggaran hak pekerja.
PKS, syarikat pemula digalak mohon geran LiKES - TalentCorp
PKS dan syarikat pemula termasuk yang beroperasi di luar bandar digalakkan untuk memohon Geran Padanan Latihan Industri untuk PKS (LiKES).
Skim baharu tangani isu beras akan diumumkan minggu ini Topik: Sidang Parlimen
Kerajaan akan mengumumkan satu skim baharu bagi mengangani isu beras di Malaysia.
Kutipan hasil NPI sebanyak RM311.8 juta - Menteri Pengangkutan
Jelas Menteri Pengangkutan Anthony Loke, jumlah keseluruhan kutipan hasil daripada tawaran jualan nombor pendaftaran istimewa (NPI) RM311.8 juta. Katanya penjualan NPI bermula 2019 dan bidaan melalui NPI bermula pada 2023 dengan nombor siri M-M memperoleh hasil sebanyak RM21 juta .
UniSZA berjaya kumpul sumbangan RM216,000, sedia juadah berbuka percuma
Warga UniSZA mengumpul dana sebanyak RM216,000 bagi melaksanakan program agihan juadah berbuka puasa secara percuma sepanjang Ramadan ini.
Tiada kompromi ke atas mana-mana pihak langgar hak pekerja - Steven Sim
tindakan tegas akan diambil terhadap majikan kerana setiap pekerja berhak ke atas gaji mereka dan ia bukanlah satu perkara yang boleh dipermainkan.
Isu Kalimah Allah: Pihak berkuasa digesa ambil tindakan tegas - Pemangku Sultan Johor
Pemangku Sultan Johor, Tunku Mahkota Ismail Sultan Ibrahim menggesa pihak berkuasa untuk mengambil tindakan tegas berhubung isu penjualan stoking tertera kalimah ALLAH.
Penyaluran bantuan pesawah tertakluk kepada penilaian jawankuasa penilai
Penyaluran bantuan kepada pesawah yang terjejas adalah tertakluk kepada penilaian oleh Jawatankuasa Penilai Teknikal Tabung Bencana Tabung Bencana Tanaman Padi.
Tempoh 'bulan madu' hampir tamat, masa pemerintahan sebenar - Sultan Ibrahim
Yang di-Pertuan Agong Sultan Ibrahim, bertitah bahawa tempoh 'bulan madu' akan tamat tidak lama lagi, dan baginda akan memulakan cara pemerintahan yang sebenar.
PRK Pelangai: Siapa pun calon, dia wakili parti - Ismail Sabri
Ismail Sabri berkata, tidak sepatutnya timbul isu berhubung siapa yang dipilih bertanding kerana pada akhirnya, calon itu akan tetap membawa nama dan imej parti.
Pinda Akta DBP, beri kuasa ambil tindakan salah guna bahasa Melayu - Ismail Sabri
Ismail Sabri berkata, perkara itu merupakan sebahagian daripada usaha semasa pentadbirannya, namun tidak sempat dilaksanakan disebabkan pertukaran Kerajaan.
Tidak bersara, Ismail Sabri akan terus aktif politik walaupun bukan lagi Naib Presiden
Ismail Sabri berkata beliau juga akan kekal menjalankan tanggungjawab sebagai Ketua UMNO Bahagian Bera selepas menang tanpa bertanding.
Kerajaan 'caretaker' bersidang seperti biasa, bentang bajet mini untuk gaji penjawat awam
Kerajaan semasa akan kekal sebagai kerajaan caretaker sekiranya tiada mana-mana parti membentuk kerajaan dalam masa terdekat ini.
Pasca PRU15: 'BN tak sokong mana-mana gabungan bentuk kerajaan' - Ismail Sabri
Dewan Tertinggi Barisan Nasional (BN) telah membuat keputusan untuk tidak menyokong mana-mana gabungan untuk membentuk kerajaan.
PRU15: Ismail Sabri tiba di Istana Negara
Tujuan sesi menghadap antara Perdana Menteri dan Yang di-Pertuan Agong berkenaan masih menjadi tanda tanya.
MH17: Malaysia berpuas hati dan sokong keputusan Mahkamah The Hague - PM
Malaysia sentiasa berpendirian bahawa perbicaraan yang dijalankan mesti berlandaskan kebenaran, keadilan dan tanggungjawab.
PRU15: 'Deklarasi Profesor Melayu G70 sokong Anwar' tidak wakili MPN - Ismail Sabri
Perkara itu dimaklumkan Presiden MPN sendiri, Profesor Datuk Dr Raduan Che Rose ketika dihubunginya pada Rabu.
Banjir: Jawatankuasa Pengurusan Bencana Negeri seluruh negara telah diaktifkan - PM
Ismail Sabri berkata, fokus gerak kerja di peringkat negeri dan daerah telah bersiap sedia untuk menghadapi sebarang kemungkinan.
PRU15: 'Saya masih calon PM untuk BN, tiada perubahan' - Ismail Sabri
Jelas Ismail Sabri, tiada perubahan mengenai keputusan yang telah dibuat BN sebelum ini.