PM: China assures protection for Malaysian MSMEs

HANGZHOU: Chinese Premier Li Qiang has pledged to safeguard the interests of Malaysian small business owners and micro, small, and medium enterprises (MSMEs) in any business dealings with Chinese corporations, according to Prime Minister Datuk Seri Anwar Ibrahim. This assurance came after Malaysia expressed concerns over potential market dominance by foreign entities, including Chinese firms, which could affect local traders.

The assurance was provided during a bilateral meeting with Li Qiang and discussions with major Chinese enterprises like Alibaba. During a press conference following his launch of the Malaysia Pavilion at the 5th Global Digital Trade Expo (GDTE), Anwar stated that relevant companies, including Alibaba, had also confirmed this stance.

He emphasized that any business dealings would be guided by the best approach to protect Malaysia's SMEs. Anwar's visit to China also highlighted Malaysia's participation in the 48th WorldSkills Shanghai 2026 and his attendance at the GDTE. Following his discussions, Anwar announced that Malaysia would extend the East Coast Rail Link (ECRL) project from Kota Baru to Rantau Panjang, a decision accepted by China.

This extension would benefit inland areas in Kelantan and establish direct connectivity with Thailand, serving as a growth catalyst for previously underserved regions. The Chinese side agreed to this proposal. Additionally, Anwar mentioned that Malaysia and China discussed strategic bilateral and regional issues, including the US-China meeting in Washington.

In response to US trade pressure and tariffs, Anwar clarified that while aware of the situation, Malaysia maintains its stance that this matter is a bilateral issue between Malaysia and the US, emphasizing ongoing direct dialogue and discussions.