China – Sep External Trade
12/10/2018 03:14 pm MYT
T +
T -

In Sep, exports jumped 17.0%, year-on-year, to RMB1.55 trillion, while imports jumped 17.4% to RMB1.34 trillion, giving rise to a trade surplus of RMB213.23 bln – see figure 1. In Jan-Sep 2018, exports and imports rose 6.5% and 14.1% respectively from a year ago to RMB11.86 trillion and RMB10.42 trillion, giving rise to a trade surplus of RMB1.44 trillion.

 

Despite Trump’s tariff spree, China recorded the strongest export growth in over a year in Sep. Exports rose in most export destinations, including to the US. Notably, exports to countries along the Belt and Road Initiative have been growing strongly. On the other hand, import growth was driven mainly by higher imports of natural gas and petroleum products.

TOP
Note from Publisher
i Capital will not be published for the week of 28 May – 3 Jun, 2020. However, during this period, www.icapital.biz will be updated as usual. Apart from the public holidays, our office’s operating hours will not be affected. Volume 31, number 38 of i Capital will hence be dated 4 – 10 Jun, 2020.

Even four months after the Covid-19 pandemic broke out, scientists still do not fully understand the mysterious coronavirus - hence, no cure is in sight. Although an increasing number of countries are relaxing restrictions and reopening their economies, with the threat of the SARS-CoV-2 virus still grave and present, most businesses cannot operate normally and some remain closed. As a result, the retrenchment wave has started, with the SME Association of Malaysia reporting that some companies have already retrenched a third of their staff, with more retrenchments on the way. Meanwhile, the Malaysian Employers Federation, the country’s biggest federation of employers, warned that more than 2 mln people may lose their jobs after Raya.

These are scary numbers with serious repercussions. How does one manoeuvre during this very challenging time? Capital Dynamics invites you to join Tan Teng Boo and team in a lively online discussion on 30 May. Please visit https://specialwebinar.icapital.biz/ to find out how you can participate.
Stock Selections
Corporate News