Malaysia exports rebound on China demand

KUALA LUMPUR: Malaysian exports returned to a growth path in November following a one-month contraction, as demand from the important Chinese market rebounded, the trade ministry said yesterday.
The total value of all exports rose 3.3% in November, year-on-year, to 58.67 billion ringgit (US$19.28 billion), the ministry said.
Total exports had declined 3.2% in October as shipments to China – which has increasingly emerged as a buffer against stuttering Malaysian exports to the crisis-hit European market – plunged in that month.
Chinese economic growth slipped to a more than three-year low of 7.4% in the third quarter ending in September.
Malaysian exports to China recovered in November, growing 5.4% to 7.7 billion ringgit on higher exports of chemical and rubber products. – AFP