From Malaysia Department of Statistics: Preliminary Release of Malaysia External Trade Statistics April 2010 (Updated:04/06/2010) On a y-y our exports to PRC did increase by 28% but that comparison to 2009 is a waste of time because 2009 was a period where everything collapsed. (ps: do see this posting: Do Not Be Fooled By Headline Numbers ) So in my flawed opinion the biggest concern is... See posting last month: Regarding Malaysia Booming Trade Our Aprils exports to the PRC is now only RM6.53 billion. Is the contraction a worry?
The following caught my attention...
Monday, June 07, 2010
Malaysia's Exports To China Shows Big Decline
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1 comments:
It is indeed a worrying sign when export to China contracted. But reports have state that China have reduces their commodities imports in recent months and have been using their huge inventory of commodities accumulated during the cheap commodities period. I hope this is the case as we don't have any breakdown.
But, a more worrying sign would be that if China is cutting down on imports of intermediate goods such circuits boards, which may mean that they are producing it on their own or the global demand decrease. If it is the former, I fear for Malaysian factories, it means China have move up the value-chain and compete against us.
I have a blog post on that at http://goodstockbadstock.blogspot.com/2010/06/china-not-low-cost-factory-any-more.html , but it is mainly on China with some on the effects on Malaysia.
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