The Malaysia Digital Economy Blueprint (2021 – 2030) and the New Industrial Master Plan 2030 aim to develop digital industry clusters through innovative business models, human capital development, and integrated ecosystems. There are two interrelated issues critical to our restructuring towards a digital economy.
Firstly, how can Malaysia effectively tap resources, experiences and partnerships from China’s Belt and Road Initiative (BRI) and its Digital Silk Road (DSR)? China’s digitalisation success is remarkable. Recently, Digital China 2025 was planned for further acceleration in the digital industry, including the development of Artificial Intelligence (AI). Malaysia can learn and benefit from such experience, knowledge and investments from China. Secondly, how can Malaysia utilise its neutral position while tapping into the vast potential of the BRI and DSR? As an Asean member, Malaysia can play a key role as a strategic partner and host for China under the BRI, particularly in facilitating trade and investment.
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