KUALA LUMPUR, Nov 11 (Sin Chew Daily) — Ensure good monitoring in One Belt One Road projects in post COVID-19 era, says Associated Chinese Chamber of Commerce and Industry Malaysia (ACCCIM) Socio-Economic Research Center executive director Lee Heng Guie.

He said Malaysian investors should learn from the lessons and impact of COVID-19 to ensure that all collaborative projects are under good monitoring in future.

To mobilize One Belt One Road projects, Lee said China should offer more technology transfer and human resources training for local experts in order to participate in the projects.

In the "Silk Road Friends" virtual meeting organized by the Malaysia-China Friendship Association on new opportunities and challenges of One Belt One Road in post-COVID-19 era, Lee said many development projects had been delayed by the pandemic in Malaysia and other countries participating in the One Belt One Road initiative.

Some countries have even reconsidered the collaborative projects or hoped the Chinese government would draw up new packages to help them ride through the difficult times.

Citing an example, he said China should review the existing loan facilities and provide new incentives.

"We are not requesting to write off all the debts but to review the criteria for collaboration and interest rates on borrowings, especially projects we have yet to start," he said.

On the other hand, the China-Malaysia Qinzhou Industrial Park supported by the governments of Malaysia and China has not shown significant progress, and Lee hopes China will push for the development of the industrial park.

"We see more development in heavy industry sectors in the industrial park but not high-tech projects," he added.