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CIIE offers opportunities for Malaysian firms to tap into Chinese market

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      China

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      CIIE offers opportunities for Malaysian firms to tap into Chinese market

      2024-11-06 02:12 Last Updated At:04:17

      The 7th China International Import Expo (CIIE), which opened in Shanghai on Tuesday, has provided Malaysian businesses with a prime platform to access the expansive market opportunities in China.

      Malaysia has consistently maintained an active presence at the CIIE, with this year witnessing the participation of various trade groups, the country's trade promotion agency, and a host of companies across sectors like food and electronics.

      Among them is a family-owned pewter firm renowned for its traditional Chinese-inspired designs, aiming to broaden its reach in the Chinese market.

      Royal Selangor, which has been crafting exquisite pewter items for 139 years, traces its origins back to Yong Koon, who ventured from southern China to Malaya. The company is now led by the fourth generation of the family.

      "In 1885, half the world's tin came from this country, but unlike other Chinese who came to Southeast Asia to work in tin mines, Yong Koon came with his pewter smithing skills, making pewter items -- pewter is an alloy of tin -- for Chinese settlers in the the city. Then they expanded their offering to things (items) for the English who were living here, such as tankards, cigarette cases. A lot of our product designs have taken inspiration from traditional Chinese culture, beliefs, heritage, but use that in a very contemporary design language," said Chen Tien Yue, executive director of Royal Selangor.

      Participating in the CIIE as part of the pavilion of the Malaysian trade promotion agency Matrade, Royal Selangor sees this as a valuable opportunity to grow its presence in China. With half of its products from the Kuala Lumpur factory exported globally, Chen highlights the potential for business expansion in the Chinese market through the expo.

      "We think the CIIE is an opportunity for us to connect with potential partners. We are currently constructing a store in Beijing. We also have franchise stores in other cities. We're looking actively for other locations in other cities. We're very proud of the fact that we've got this great heritage in pewter craftsmanship that goes back four generations and 139 years. Now it's four generations, but we hope it will be many more generations to come," said Chen.

      The CIIE is the world's first national-level exposition dedicated to imports. Themed "New Era, Shared Future," the seventh CIIE runs from November 5 to 10 and has attracted participants from 152 countries, regions and international organizations.

      CIIE offers opportunities for Malaysian firms to tap into Chinese market

      CIIE offers opportunities for Malaysian firms to tap into Chinese market

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      China's warehousing storage sector maintains expansion in March

      2025-04-03 12:23 Last Updated At:12:37

      China's warehouse storage sector maintained expansion in March, according to the index released by the China Federation of Logistics and Purchasing (CFLP) on Thursday.

      In March, China's warehousing index reached 50.8 percent, rising by 0.6 percentage points from the previous month and remaining in the expansion zone for the fifth consecutive month.

      Driven by policies aimed at promoting consumption, demand for warehousing services continued to grow steadily, with the consumer goods market performing particularly well. Warehousing demand for food, household appliances, textiles, and daily necessities surged, leading to a significant rise in the new order index.

      "The warehouse storage sector has remained in the expansion range for five consecutive months, reflecting the overall stability of the warehousing sector. The demand for warehousing in the livelihood consumption sector continues to strengthen, boosting activity across the entire warehousing sector," said Liu Yuhang, director of the China Logistics Information Center.

      In terms of inventory levels, the average inventory turnover index reached 54.5 percent in March, an increase of 8.2 percentage points from the previous month, entering the expansion range. Overall, in the first quarter, the warehousing sector continued to expand, business demand maintained steady growth, and the industry operated smoothly and efficiently.

      China's warehousing storage sector maintains expansion in March

      China's warehousing storage sector maintains expansion in March

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