Chinese President Xi Jinping's recent visit to Malaysia has invigorated economic cooperation, with stakeholders touting fresh opportunities at the 5th China International Consumer Products Expo (CICPE) in Hainan. Malaysian business leaders and academics praised the event's role as a springboard for cross-border collaboration amid celebrations marking 50+ years of China-Malaysia diplomatic relations.
Expo Emerges as Global Trade Hub
The Haikou-hosted CICPE drew global exhibitors, with University Geomatika Malaysia representatives calling it a "game-changer" exceeding expectations. The Malaysia National Pavilion reportedly generated significant interest, sparking national pride among attendees.
Sector-Specific Optimism
GPR Food's Patrick Ku highlighted China's "dual appeal" as both business-friendly market and tourist destination. Meanwhile, Malaysia Swiftlet Nest Industry leaders Diamond Lim and Tan Siew Khim emphasized how Xi's visit could expand access for specialty exports like bird's nest, historically popular in China.
Long-Term Horizons
Industry observers note China remains Malaysia's top trade partner since 2009. With bilateral trade reaching $98.9 billion in 2023, Malaysian businesses anticipate streamlined regulations and digital commerce innovations to further strengthen ties following this diplomatic milestone.
