China – Apr Industrial Production
15/05/2019 01:08 pm MYT
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In Apr, industrial production rose 5.4%, year-on-year, down 3.1 percentage points from the growth rate in Mar – see figure 1. This was mainly due to lower mining and manufacturing output. Out of the 41 industries, 33 reported year-on-year growth, down from 40 in Mar. In the first 4 months of 2019, industrial production rose by 6.2%.

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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.
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