On April 1, 2023, in the morning, a roundtable meeting with Chinese industry leaders hosted by the Malaysian Ministry of Trade and Industry was held at Beijing's China World Hotel. Many dignitaries attended the event, including Malaysian Prime Minister Anwar, Foreign Minister Zambry, and Trade Minister Zafrul. Representatives from companies such as Huawei, Alibaba, Chery, Geely, PANPAN Food, and Camel Battery were also present. IBI Director/Senior Vice President Wang Ting and LYDD CEO Ji Jingjing were invited to participate in this China-Malaysia business event.
This roundtable meeting gathered elite leaders from more than 30 companies nationwide, aiming to emphasize and deepen trade exchanges between the two countries. Through face-to-face communication with the Malaysian government, it enhances the focus and understanding of Malaysia, promoting strengthened economic cooperation.
Malaysia has abundant native resources, making it a very important sourcing country for LYDD. Currently, LYDD is engaged in discussions and arrangements in multiple sectors. The Malaysian Commercial Counselor to China has visited LYDD several times to discuss collaborative development. LYDD has also visited Malaysia to explore and assess the palm oil and related industries, establishing good friendships with government agencies like the Malaysian External Trade Development Corporation and leading industries like Sime Darby, FGV, and Mewah.
This year marks the 10th anniversary of the comprehensive strategic partnership between Malaysia and China, while next year will be the 50th anniversary of diplomatic relations between the two countries. During this period, China has maintained its status as Malaysia's largest trading partner for 14 consecutive years, with the total trade volume between the two countries exceeding 200 billion last year. In light of this close friendship and favorable trade activities, LYDD will follow the policies closely, exerting multilateral efforts to promote the dual-cycle of import and export, contributing to the high-quality economic development of both Malaysia and China.