China – Mar External Trade
12/04/2019 05:03 pm MYT
T +
T -

In Mar, exports surged 21.3%, year-on-year, to RMB1.34 trillion, while imports fell 1.8% to RMB1.12 trillion, giving rise to a trade surplus of RMB221.23 bln - see figure 1. The surge in exports was mainly due to higher export prices. In the first quarter of 2019, exports and imports rose by 6.7% and 0.3% respectively to RMB3.77 trillion and RMB3.24 trillion, giving rise to a trade surplus of RMB529.67 bln.

 

Reflecting the US-China trade tension, China-US bilateral trade fell by 11%, year-on-year, in Jan-Mar 2019. On the other hand, China’s trade with the EU, ASEAN, Japan, and the countries along the Belt and Road Initiative’s routes, rose by 11.5%, 8.1%, 3.2%, and 7.8% respectively.

 

 

TOP
Note from Publisher
More than 1,000 people attended the 2018/2019 Global Investor Week last weekend. For those who participated in the entire programme, it was not only a fruitful and enjoyable weekend, but a memorable one too. For the past one week, we have been receiving thank you messages from participants. Some thanked us for organising such a wonderful event as they have gained tremendous insights and benefited immensely from the talks given by the various experts. Some expressed appreciation for the hard work we put in over the weekend. Others conveyed their gratitude for the wonderful time they had during the Appreciation Concert. We are greatly encouraged and touched by the gracious messages from the participants of the 2018/2019 Global Investor Week. They provided us with greater motivation to organize an even more productive Global Investor Week next year. We thank everyone for their continued support as we continue our Antarctica journey.

Meanwhile, the Chinese economy appears to have bottomed out, removing a major worry of the global economy. Given that China contributed to about 30% of the global economic growth, a strong Chinese economy is extremely important to global stability as it will pull up many economies, including Malaysia.
Stock Selections
Corporate News