Page 14 - KLSCCCI Oct 2021 - eBulletin 402

本期焦点

Xi-Biden Virtual Meeting

On the morning of 16 November, Chinese this relationship, and sends a powerful message to the
President Xi Jinping had a virtual meeting with US two countries and the world. The two sides agreed to
President Joe Biden. The two sides had thorough and maintain close communication in different forms and
in-depth communication and exchanges on issues of steer China-US relations back on the right track of
strategic, overarching and fundamental importance sound and steady development.
shaping the development of China-US relations and on
important issues of mutual interest.
On trade ties, President Xi described the China-US Malaysia should ratify
economic and trade relations as mutually beneficial in
nature. Business is business. Economic and trade issues the CPTPP and RCEP
between the two countries should not be politicized.
The two sides need to make the cake bigger for
cooperation. China takes seriously the wishes of US With the current globalisation interwoven and
business community to travel to China more easily, and integrated economics and supply chains around the
has agreed to upgrade fast-track arrangement, which world, it would make a decoupling between China
will further enhance economic and trade exchanges and US to not only economically damaging, but it
between China and the US and boost the recovery of leads to a cascading set of international conflicts.
the two economies. The US should stop abusing or From the consequences of Biden-Xi Meeting, the
overstretching the concept of national security to impact on Malaysia’s market is greatly a concern. The
suppress Chinese businesses. current situation that we are experiencing at present is
President Biden said that the US-China relationship the conflict driven by a long-standing Financial Cold
is the most important bilateral relations in the world. The War, which has been ongoing for decades, KLSCCCI's
US is willing to work with China on the basis of mutual International Trade and Industry Committee chairman
respect and peaceful coexistence, increase Dato’ Dr. Ir. Andy Seo Kian Haw said.
communication, reduce misperception, and handle This may indirectly/directly affect our supply-chains
differences constructively. Biden emphasized the need to and from both markets in terms of manufacturing
for the US and China to work more closely in areas goods and services. Directly, sanctions have been
where their interests align, respond to global applied against Chinese Technology companies. US
challenges such as the COVID pandemic and climate allies have also been pressured to remove Chinese
change, and deliver better lives to the two peoples. manufactured components from their
We should encourage the younger generation to telecommunications networks.
interact more and be more exposed to each other’s "In this macro-economy situation, there are a few
culture, which will help make the world a better place. movements for industry and commerce in Malaysia to
The two Presidents agreed that their meeting is consider about. Therefore, Malaysia should ratify the
candid, constructive, substantive and productive. It CPTPP and RCEP in a bid to widen our trade with the
helps increase mutual understanding, adds to the members of the economics and to expand our supply
positive expectation of the international community for chain instead of relying on these two trade giants."

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