China requires several things of foreign companies who want to sell to the Chinese population. They must open factories to employ Chinese workers. They must share their technology. That allows Chinese companies to learn how to make the products themselves. Subsequently, foreign company who wants to invest in Malaysia. They can open factories and only hire malaysian workers. This will reduce or eliminates the unemployment rate. The unemployment rate is used to measure and determine the health of a economy. If the unemployment rate is too low, it will cause high inflation and vice versa. For example: when one company open its factory in malaysia, they would need to hire at least a number of employees which will help to decrease the unemployment rate. Not only that, because of the transfer of know-how and technology. Even when the foreign company leave, Malaysia company are still able to continue with the business, and soon come out with our own brand. For example: Some of the Apple products are produced in China. Hence, the chinese learnt how to produced a good quality mobile phone and come out with their own brand such as Huawei, XiaoMi, Vivo & Oppo. Other than that, Malaysia has a good mix of energy resources like oil, natural gas, coal and renewable energies such as biomass, hydro and also solar as the current energy usage and sustainable energy. As Malaysia has the advantage of having sunshine throughout the year. Government can heavily invest in the idea of renewable energy in this case, implementing solar energy into the economy. Solar power would help to improve the economy by reducing energy dependence. The sun belongs to no one, and its energy is present everywhere. It is not owned or supplied by any entity in particular. Therefore, using the sun to our advantage is a step toward energy independence. The sun cannot be taxed or tariffed, and once the solar panels are installed, there are no price fluctuations or negotiations about the cost of fuel. Moreover, solar creates jobs, demand for solar power means that more materials will need to be manufactured, and more systems will need to be designed and installed. These tasks all require skilled and specially trained employees, which means that higher demand for solar power will lead to job growth in the renewable energy sector. On the other hand, solar energy development outperforms fossil fuels, which are mainly the energy source in Malaysia. Renewable energy development is relatively labour intensive, so it creates more jobs per dollar invested than fossil fuel resources. Installing renewable energy facilities uses primarily local workers, so investment dollars are kept in local communities. Next, the operating costs associated with producing fossil fuels dramatically outweighs the operating costs of producing of solar energy. Solar can be easily installed on a rooftop surface or ground mount and harnesses an already-available resource, the sunlight. By comparison, fossil fuel use requires the degradation of the earth as a means to a fuel’s production. Many people are unaware that fossil fuels do not just create greenhouse gas emissions but the process of drilling also degrades and erodes the ground and pollutes water supply.China’s dependency on fossil fuels has long been decried as a heavy contributor to global carbon emissions. In 2016, estimates suggested that China was responsible for a third of the world’s total carbon emissions, having previously fuelled its economic growth through heavy coal usage in industrial sectors. China was named the world’s deadliest country for air pollution. Also, in the particular year, a dramatic increase in China’s investment in renewable energy production. Hence, making it the biggest producer of solar power in the world. In China’s 12th five-year plan, it has placed specific emphasis upon the targeted development of renewable energy to satisfy 15% of China’s energy needs by the year 2025. This policy will contribute to clean air in China and prevent environmental degradation as the use of fossil fuel is substituted by renewable energy.Additionally, tariffs are always forced a trade-off between business and customer, it retaliates to other countries just to encourage people to purchase domestic products by restricting imports and increasing the price of goods and services purchased from overseas and making them less attractive to consumers. As tariffs cannot be eliminated, making it low is the best choice. Import duties range from 0% to 50%. Import Tariffs are the main instruments used to regulate the importation of goods in Malaysia and the simple average applied normal trade relations (NTR) tariff rate is 8.56%. Countries would waive tariffs when they have free trade agreements with each other.Furthermore, Malaysian Government took control over international trading. In March 2017 Dato’ Sri Mohd Najib Tun Abdul Razak, the Prime Minister of Malaysia, together with Jack Ma, founder and Executive Chairman of Alibaba Group, launched the world’s first Digital Free Trade Zone (DFTZ). Free-trade zone, also called foreign-trade zone, formerly free port, an area within which goods may be landed, handled, manufactured or reconfigured, and reexported without the intervention of the customs authorities. Malaysians have embraced the internet economy and eCommerce in a big way. Through this, it helps organisation or small medium enterprises (SME) to overcome the complex regulations, processes and barriers, and eventually further encourage businesses and traders to connect and collaborate in cross-border trading. But, this is only towards the digital world. Anything beyond that, Malaysia still need development.


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