{
  "id": 10634468,
  "title": "Lindungi PKS tempatan daripada lambakan barangan asing, gesa badan pemikir",
  "url": "https://urgent.news/2026/09/29/lindungi-pks-tempatan-daripada-lambakan-barangan-asing-gesa-badan-10634468",
  "topic": "world",
  "section": "World",
  "published": "2026-09-29T06:34:01.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today-freemalays",
    "url": "https://www.freemalaysiatoday.com/category/bahasa/tempatan/2026/09/29/lindungi-pks-tempatan-daripada-lambakan-barangan-asing-gesa-badan-pemikir"
  },
  "original_language": "en",
  "account": "China's growing influence in Malaysia, particularly from companies like Mixue and BYD, has prompted the Malaysian government to take measures to safeguard local small and medium enterprises (PKS) from the influx of foreign goods, including those from China. Prime Minister's office official, Chandran Nair, stated that while the government has the right to protect the domestic industry from excessive competition, it must adhere to the rules set by the World Trade Organization (WTO). He emphasized that protecting certain sectors from overwhelming competition or export of goods is acceptable, but it does not mean violating WTO regulations.\n\nChandran suggested that Malaysia could engage in discussions with China to protect local PKS, in addition to establishing stricter regulations for foreign companies entering the local market. He also highlighted the need for increased investment in science, technology, and other industries to foster innovation and boost productivity. This, he argued, is a key factor in China's advancement.\n\nThe rapid influx of Chinese goods in various sectors, such as food and beverages, electronics, and electric vehicles, is challenging local PKS, which are facing market saturation and declining revenues. In January, University of Malaya economist Goh Lim Thye mentioned that slower economic growth in China is pushing the country to seek foreign markets to boost profits. Malaysia, with its open market, strong trade relations, and rapid growth in the digital trade sector, has become an attractive destination for Chinese companies.\n\nChandran warned that Malaysia's over-reliance on natural resources will weaken its ability to build a developed economy and society. \"We cannot build a developed society in that way. There is no scientific breakthrough. We are only selling the image of a modern country by selling our resources,\" he said. He added that Malaysia should focus on value-added industries and develop a science-based industrial sector. According to Chandran, Malaysia has been dependent on commodities, such as palm oil, tin, rubber, and crude oil and gas for too long, but natural resources alone cannot continue to drive the country's economy. \"If we take the example of oil and gas, Singapore consumes more oil than we do. Do they have oil? No. But they add value to their resources, unlike us,\" he pointed out. Chandran emphasized that a similar problem could arise in other basic industries if Malaysia only exports raw materials without developing downstream industries. \"Nowadays, we talk about the low-cost sector, but where is the value added? China used to sell low-cost raw materials, but they stopped doing so. Instead, they choose to add value to the resource.\"",
  "summary": "Global Institute for Tomorrow memberi amaran lebih banyak perniagaan kecil tempatan berisiko gulung tikar jika tidak dilindungi daripada persaingan berlebihan.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Free Malaysia Today",
        "title": "Lindungi PKS tempatan daripada lambakan barangan asing, gesa badan pemikir",
        "url": "https://urgent.news/2026/09/29/lindungi-pks-tempatan-daripada-lambakan-barangan-asing-gesa-badan",
        "published": "2026-09-29T06:34:01.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}