KUALA LUMPUR, 27 JUNE 2026 – Malaysia-China Chamber of Commerce President urges businesses to embrace artificial intelligence, prioritise quality foreign investment and strengthen competitiveness amid a rapidly evolving global economy
The Malaysia-China Chamber of Commerce (MCCC) has reaffirmed its commitment to strengthening bilateral economic ties between Malaysia and China while urging local businesses to embrace digital transformation, adopt artificial intelligence (AI), and view foreign investment as an opportunity for long-term growth rather than competition.
Speaking at the MCCC 2026 Annual General Meeting, President Mr. Loo Kok Seong reflected on the Chamber’s 36-year journey and outlined its vision for supporting Malaysian businesses as they navigate an increasingly competitive global business landscape.
Celebrating 36 Years of Malaysia-China Economic Cooperation
Marking MCCC’s 36th anniversary, Mr. Loo highlighted the Chamber’s longstanding role in promoting trade, investment and business collaboration between Malaysia and China.
Over the past three decades, MCCC has facilitated business delegations, investment matching, enterprise exchanges, exhibitions and policy dialogues to strengthen commercial ties between both countries.
“Our journey over the past 36 years may not have been spectacular or dramatic, but it has been steady, practical and meaningful. More importantly, we have had the privilege of accompanying and supporting countless businesses throughout their growth journeys,” he said.
Responding to an Evolving Business Environment
Acknowledging the rapidly changing global economy, Mr. Loo said businesses are facing unprecedented challenges as technological advancements, shifting supply chains and heightened competition reshape international markets.
He noted that while some businesses remain optimistic, others are concerned about increasing competition and uncertain about future business prospects.
To address these concerns, MCCC has actively engaged with key government ministries and agencies, including the Ministry of Entrepreneur and Cooperatives Development, the Ministry of Digital, and the Ministry of Investment, Trade and Industry (MITI), to communicate members’ concerns and policy recommendations.
According to Mr. Loo, these engagements have demonstrated that the Government recognises the challenges facing businesses and is pursuing initiatives to improve the operating environment.
He reaffirmed MCCC’s role as a bridge between the private sector and policymakers by conveying industry concerns while keeping members informed of new opportunities and policy developments.
Quality Investment Should Benefit Both Foreign Investors and Local Businesses
Addressing the growing presence of foreign companies, particularly Chinese enterprises investing in Malaysia, Mr. Loo encouraged businesses to adopt a balanced and long-term perspective.
While foreign investment inevitably increases competition, he said it also brings capital, technology, management expertise, talent development and access to new markets.
“The more important question is: How can foreign investors and local businesses grow together?”
He stressed that investments delivering the greatest value are those that establish regional headquarters, develop local supply chains, nurture talent and strengthen Malaysia’s industrial ecosystem.
Going forward, MCCC intends to place greater emphasis on investment quality through its business matching and investment promotion programmes.
The Chamber advocates investment that is compliant, responsible and sustainable, encouraging investors to understand Malaysia’s market conditions, regulatory environment, taxation framework, labour policies and local business culture before establishing operations.
Mr. Loo added that companies with adequate capital, healthy cash flow and long-term business plans are best positioned to create employment opportunities and contribute meaningfully to Malaysia’s economic development.
Business Transformation Is No Longer Optional
Reflecting on previous waves of technological disruption, Mr. Loo noted that businesses once feared e-commerce and digital platforms, yet companies that embraced these changes ultimately achieved stronger growth.
Today, he said, artificial intelligence represents the next major transformation.
“What we should truly be concerned about is not the arrival of foreign investment. What we should be concerned about is failing to upgrade ourselves while the market continues to evolve.”
He observed that businesses must increasingly rely on data, technology, innovation and branding rather than traditional operating methods if they are to remain competitive.
AI Will Shape the Future of Business
Artificial intelligence was a central theme of the President’s address, with Mr. Loo describing AI as a present-day business necessity rather than a future possibility.
“AI will not replace businesses. However, businesses that know how to utilise AI will replace those that do not.”
He explained that AI is already transforming business functions ranging from marketing and customer service to administration, financial analysis, production efficiency and strategic decision-making.
Recognising its growing importance, MCCC plans to organise AI-focused forums, seminars, training programmes and business exchange activities to help members understand how AI can:
- Improve operational efficiency
- Reduce business costs
- Create new business opportunities
- Enhance long-term competitiveness
Rather than turning businesses into AI specialists, the Chamber aims to equip members with practical knowledge to integrate AI into their operations.
Preparing Businesses for the Future
Mr. Loo concluded by encouraging businesses to adopt a mindset of continuous learning and adaptation.
“In the future, the greatest gap between businesses may not be the gap in capital. It may be the gap in learning speed.”
He added that companies capable of learning faster, adapting more quickly and implementing change effectively will be best positioned for long-term success.
MCCC Reaffirms Its Commitment to Members
As MCCC celebrates its 36th anniversary, Mr. Loo reaffirmed that the Chamber remains committed to supporting businesses through changing economic conditions.
He said MCCC will continue listening to members’ concerns, representing their interests, creating new collaboration opportunities, supporting business transformation and strengthening Malaysia-China economic and trade cooperation.
Concluding his address, he called on businesses to embrace openness, collaboration and innovation while transforming challenges into opportunities and competition into sustainable growth.
