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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Soon, we will enter the Year of the Rat. The Rat is the first of all the zodiac animals and represents the start of a 12-year cycle. According to Chinese myth, when the Jade Emperor organised a race to determine the order of the zodiac, the Ox ran the fastest, but the Rat tricked the Ox into giving him a ride. When they arrived at the finish line, the Rat jumped down from the back of the Ox and landed first. So, the Rat is associated with shrewdness and quick thinking. It also symbolises wealth because of their reproduction rate.

For Malaysians, who have been experiencing a fast deterioration in their well-being, we certainly hope that the Year of the Rat will bring a change of luck. Well, the fortune of Malaysia lies in the hands of all Malaysians. Life is what you make it. As the politicians are failing the people, Malaysians certainly need all the shrewdness of the Rat to fend for themselves.
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