Malaysia-China Summit 2024 Set To Generate RM2 Bln In Trade And Investment Leads

KUALA LUMPUR, Aug 15 (Bernama) -- The Malaysia-China Summit 2024 (MCS 2024), which will take place from Dec 17 to 19, 2024, at the Malaysia International Trade and Exhibition Centre, is expected to generate RM2 billion in trade and investment leads.

More than 500 exhibitors and 10,000 trade visitors will converge at MCS 2024, which features an international trade and exhibition expo and a leadership conference.

The summit, organised by Qube Integrated Malaysia in association with the Malaysia External Trade Development Corporation (MATRADE), will mark the 50th anniversary of Malaysia-China bilateral ties and serve as a catalyst for economic growth and innovation. It carries the theme “Prosperity Beyond 50.”

bootstrap slideshow

At a media briefing today, Qube and MATRADE announced the Malaysian Consortium for Mid-Tier Companies (MCMTC) and the Malaysian International Chamber of Commerce and Industry (MICCI) as strategic partners for MCS 2024.

They also announced the Malaysian National News Agency (BERNAMA), Star Media Group, and Sin Chew Daily as official media partners.

MATRADE board member Datuk Mohammad Medan Abdullah said the strategic partnership will bring a dynamic presence of Malaysian mid-tier companies (MTCs) and large corporations, ensuring the summit’s success in fostering robust trade relations and investment opportunities among Malaysia, China, and the broader ASEAN region.

bootstrap slideshow

“Our commitment to championing Malaysia's MTCs, which are key drivers of growth, innovation, and employment, is reflected in this partnership. MTCs play a critical role in driving growth, fostering innovation, and creating employment opportunities. 

“They have demonstrated remarkable resilience and adaptability amid various global economic challenges, making significant contributions to our economy,” he said.

Mohammad Medan said that MICCI, with its extensive network and experience in promoting international trade and investment, will ensure strong participation from diverse industries, making the summit a hub for meaningful discussions and collaborations.

“These partnerships will facilitate the integration of businesses, from micro, small and medium enterprises (MSMEs) to large corporations, amplifying the summit's impact to attract key industry players and decision-makers,” he said.

Meanwhile, Qube Integrated executive chairman Richard Teo stated that the Malaysian MTCs will complement the substantial involvement of their China counterparts, who are eager to forge collaborations.

“These China companies represent a dynamic array of sectors, including construction materials, hardware tools, home décor, automotive, daily use products, appliances, electronics, culture, arts and crafts, leisure, fashion, and lifestyle.

“I’m confident there will be significant synergy between Malaysian and Chinese companies at the summit, as they can leverage their respective strengths and develop mutually beneficial partnerships,” he said.

Teo said the organisations will have an opportunity to participate in pocket talks, business presentations, product launches, memorandum of understanding signings, and innovation showcases, fostering connections and generating business leads with China and ASEAN.

MCMTC president Martin Ang said the partnership aligns with their mission to elevate MTCs into regional and global champions by building alliances and promoting sustainable growth.

“MCMTC aims to gain and share knowledge, access new resources, and drive market growth while strengthening bilateral relationships at the summit.

“Our participation in MCS 2024 aligns perfectly with our mission to foster strategic alliances, mobilise expertise, and promote sustainable growth, cultivating a robust business ecosystem for MTCs,” he said.

BERNAMA deputy editor-in-chief (economic desk) Azlina Aziz stated that BERNAMA will play a crucial role by providing accurate and insightful reporting, highlighting significant strides in trade, innovation, and sustainable development.

“BERNAMA is dedicated to bringing the summit's key discussions, agreements, and outcomes to a global audience. We believe in the power of storytelling to reflect the shared values and aspirations of Malaysia and China,” she said.

-- BERNAMA