The China Entrepreneur Club is an elite group of the biggest and wealthiest top executives and magnates in China. It is led by Chairman Jack Ma of the Alibaba Group. He believes that Chinese companies should fully take part in globalization and, as a whole, should create value for society.
Members of the club make high profile visits abroad and meet foreign leaders. One of the places they honored their stay in Malaysia. They were hosted by Fusionex, Malaysia’s largest and multi-awarded IT company.
They discussed building stronger ties for trade and industry and relationship opportunities. Fusionex showed the delegates how their expertise in technology could be useful for Chinese businesses. This is a good thing for China and Malaysia alike. Here are some benefits of partnerships among countries:
Productions In a Larger Scale
Goods are manufactured but not just for local consumption. It can now be offered to the rest of the world. This lets a country produce larger quantities of products and dispose of it to other countries in the international market.
Exchange of Skills And Technology And Birth Of New Industries
In the economic growth of developing countries, the acquisition of new machinery, and the application of new technology from developed countries is critical. This paves the way for new industries or developing established ones.
Development in Transportation and Communication
Because of the ongoing trade between countries, transport and communication have to be in its best shape possible. This ensures faster transactions and fewer to no miscommunication errors.
International Understanding and Relationship
Better foreign relations are usually an unintended result of a good trade relationship. The commercial relationship allows and encourages the exchange of ideas and, by extension, culture. The developing countries learn more about governing the economy and what of the set policies are in the best interest of people.
Use of Natural Resources
Economic resources include labor, land, and capital. The land is where our natural resources are. The trading relationship aids in the maximum use of resources. There is no wastage of resources.
The free trade between Malaysia and China could improve the quality of life for citizens of both countries. China has always been known as a fast, growing market, and they could benefit from what Fusionex has to offer. In return, businesses in China continue developing, and the economy and relationship of these two countries, flourishes.