SABAH ENTREPREUNERS URGED TO LIASE CLOSELY WITH CCPIT TO ATTRACT CHINESE INVESTMENT

BY VINCENT LOW

JINAN, July 19(Bernama)-- Malaysia-China Business Council(MCBC) Joint
Co-Chairman Musa Hitam wants Sabah entrepreneurs to closely liase with the
China Council for Promotion of International Trade(CCPIT) to attract Chinese
investment.

Sabah is an East Malaysia state.

"MCBC basically is a coordinating council for private and public companies.
After introduction, the companies and entrepreneurs should follow up with
discussions and mutual visits for a fruitful outcome," Musa said at a reception
hosted by CCPIT Jinan Sub-Council for Malaysian delegates who will be attending
Tuesday's MCBC's Seventh Annual Joint Council Meeting, here Monday night.

The Seventh Annual Joint Council Meeting will be held from 20-22 July in
this provincial capital of Shandong.

Tun Musa said the city of Jinan and the provincial government were very
serious about this meeting, as it was the biggest delegation MCBC had ever
planed and almost half of the delegates came from Sabah.

Among the delegates are Sabah Deputy Chief Minister Joseph Pairin
Kitingan and Sabah's Minister of Resources Development & Information Technology
Dr Yee Moh Chai.


Musa said China was developing very fast and that the Chinese government was
aware of the danger of its economy overheating, and thus wanted to efficiently
distribute economic development from more popular areas to the less popular or
neglected regions in the country.

He said he hoped the delegation would take this opportunity to look for
and
identify business opportunities.

"Networking and business matching are very important in this meeting," added
Musa.

Chinese Joint Chairman/CCPIT Vice Chairman Yu Ping, Musa,Pairin, Vice Mayor
of Jinan Chen Xiayun will be addressing a business forum after the council
meeting.

There will also be a panel discussion on the key issues in attracting
investments from China to Malaysia and vice versa.

The Malaysian delegation will be leaving for the port city of Qingdao on
July 21 to attend the Qingdao-Sabah State Trade and Investment Seminar the
following day before ending the visit.

-- BERNAMA



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