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China – Aug Industrial Production
15/09/2021 10:26 am MYT
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China’s industrial sector continued to recover, albeit at a slower pace as the low base effect dissipates. In Aug, industrial production rose 5.3% year-on-year (figure 1), bringing the growth rate for the first eight months to 13.1%. When compared with Aug 2019, industrial production rose by a strong 11.2%. In Aug, manufacturing output rose by 5.5%, while mining output gained 2.5%. Out of the 41 major industries, 34 posted increases in output.

 

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Note from Publisher
i Capital will pause its publication for one week in the week beginning 8 Apr. However, www.icapital.biz will be updated as usual. Apart from the public holidays, the operating hours of our Kuala Lumpur office will be as usual. Volume 35, number 32 of i Capital will henceforth be dated 18-24 Apr 2024.

Some people have accused i Capital and Tan Teng Boo of being pro-China and they are very uncomfortable with it. Well, according to a recent survey conducted by an independent think-tank in Singapore, for the first time since the survey was conducted, there are more people in ASEAN favouring China over the US – see this week’s write-up on Hong Kong for more. The shift in sentiment is not surprising given the US brazen hypocrisy, fondness of playing moral police, and forcing her views and values on others. In the past, small countries had to endure US bullying silently. Now, the rise of China has provided ASEAN and developing countries in general the courage to voice their dissatisfactions with the US. In the end, the truth always prevails.
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