MIRI: The recent visit by Chinese President, Xi Jinping, to Malaysia marks a renewed vote of confidence in the nation’s economic potential, says Mohammad Hafidz Rohani, Chairman of the Sarawak Bumiputera Entrepreneurs Chamber (DUBS), Miri Branch.
Speaking at his Hari Raya open house in Jalan Sealine, Lutong on Friday, Hafidz described the three-day state visit as a “geopolitical gesture” that reaffirms China’s trust in Malaysia as a key trading partner in the ASEAN region.
“President Xi chose Malaysia as his first stop before Cambodia and Vietnam – that sends a strong message,” he said.
“It shows that China continues to view Malaysia as a reliable and strategic partner, especially in the context of current global uncertainties.”
Hafidz believes the visit will not only enhance bilateral relations but also bolster export prospects for vital sectors, including palm oil and oil and gas, while helping Malaysia diversify its trade dependencies.
“I see this as a step towards greater economic self-reliance.
“It provides an opportunity for Malaysia to strengthen its footing globally without becoming overly dependent on any one nation,” he remarked.
Turning his attention to the United States’ recent tariff measures on Malaysia, Hafidz said the immediate impact on local businesses remains minimal, but cautioned that the long-term implications are still uncertain.
“While we’ve yet to feel the full weight of these tariffs, especially in smaller industries like ours, we’re adopting a careful approach,” he explained.
“The effects may only become clear three to four months down the line.”
He noted that companies with direct trade links to the United States (US) could see a dent in confidence and stability if the situation persists.
“There may be pressure or temporary leniency from the US to buffer Malaysian exports for now, but sooner or later, it could shake business confidence, particularly among firms dealing directly with American counterparts,” he added.
Despite the challenges, Hafidz expressed confidence in the Malaysian government’s handling of the situation, crediting its balanced stance in the ongoing US-China trade dispute.
“Malaysia is wisely maintaining neutrality; we’re not taking sides, and that’s key,” he added.
“I believe the current government is engaging in the necessary dialogues and negotiations to protect our national interests and shield businesses, especially those in Sarawak, from major disruption.”
