A survey carried out by the Associated Chinese Chambers of Commerce and Industry (ACCCIM), indicates that the Chinese business community is “cautiously optimistic” about Malaysia’s economic outlook.

“Fifty-two percent of respondents surveyed indicated that their local sales are likely to be maintained for the next six months,” Datuk Chua Tia Guan, a spokesman for the ACCCIM, told reporters.

And he added, The survey shows that 60 percent of the respondents are optimistic or somewhat optimistic with regard to the economic outlook in the medium term, that is, in the next two to three years.”

Chau also said, “There is a need to speed up projects under the Ninth Malaysian Plan so that the construction sector can recover, which will in turn benefit the other industries.” And he emphasized that foreign direct investment is key, “We are competing with so many countries in terms of attracting foreign direct investment, such as China, Vietnam, India and Indonesia.”

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