China – Aug External Trade
10/09/2019 11:47 am MYT
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In Aug, exports rose 2.6%, year-on-year, to RMB1.48 trillion, while imports fell 2.6% to RMB1.24 trillion, giving rise to a trade surplus of RMB239.61 bln – see figure 1. In the eight months of 2019, exports and imports rose by 6.1% and 0.8% respectively to RMB10.95 trillion and RMB9.18 trillion, giving rise to a trade surplus of RMB1.77 trillion.

 

Reflecting the US-China trade tension, China-US bilateral trade fell by 9.0%, year-on-year, in Jan-Aug 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 9.7%, 11.7%, 0.7%, and 9.9% respectively.

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i Capital will not be published for the issue dated 19 – 25 Sep, 2019. However, during this period, www.icapital.biz will be updated as usual. Our office’s operating hours will not be affected. Volume 31, number 6 of i Capital will hence be dated 26 Sep – 2 Oct, 2019.

The haze is back. According to the Department of Environment’s Air Pollutant Index (API), the API readings have reached unhealthy levels in many parts of Malaysia; some have even reached “very unhealthy” levels. This health hazard has plagued Malaysia, Indonesia, and Singapore for decades. Although forest fires caused by extreme dry weather play a part in the problem, the habit of Indonesian farmers using fire to clear land has been the main culprit. While the Amazon rainforest fires have caught global attention and the Brazilian government was under heavy criticism from the global community, the Indonesian government has received much kinder treatments from her neighbours and indiffercne from the global community. Apart from apologising, the Indonesian government really needs to put a stop to this perennial health and safety hazards that have been affecting millions of people.

Meanwhile, shareowners of icapital.biz Bhd are reminded to attend the 15th AGM on 21 Sep at the Sime Darby Convention Centre, Kuala Lumpur.
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