Malaysia keen to further digital economy cooperation with China

Malaysia is planning to attract more investors from China in the service outsourcing industry, especially the digital economy, experts said at a recent industry forum.

Hew Wee Choong, vice-president of the Investment and Industry Development arm of the Malaysia Digital Economy Corporation, a government agency for promotion of digital economy in Malaysia since 1996, said in an interview with China Daily during the recent China Sourcing Summit that there are a lot of opportunities for digital economy cooperation between the two countries. China's technology knowhow and Malaysia's familiarity with the business strategy and model are the right ingredients for those wishing to expand their presence in Southeast Asia, he said.

"Malaysia is strategically located at the heart of ASEAN, delivering immense connectivity with emerging markets in Asia. It is an ideal springboard for Chinese companies looking to expand into ASEAN markets." He emphasized that Malaysia was also a stepping stone for Chinese investors looking to expand in other regions across the globe.