China – Oct External Trade
08/11/2019 01:07 pm MYT
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In Oct, exports rose 2.1%, year-on-year, to RMB1.51 trillion, while imports fell 3.5% to RMB1.20 trillion, giving rise to a trade surplus of RMB301.28 bln – see figure 1. In the first ten months of 2019, exports rose by 4.9% to RMB13.99 trillion, while imports fell by 0.4% to RMB11.64 trillion, giving rise to a trade surplus of RMB2.35 trillion. Reflecting the US-China trade tension, China-US bilateral trade fell by 10.6%, year-on-year, in Jan-Oct 2019. On the other hand, China’s trade with the EU, ASEAN, and the countries along the Belt and Road Initiative’s routes, rose by 8.3%, 11.9%, and 9.4% respectively. Meanwhile, China-Japan bilateral trade fell by 0.4%, year-on-year, in Jan-Oct 2019.

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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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