Opportunity with China’s growing middle class

China has become a major trading partner with Malaysia. The bilateral trade data which is made up of exports and imports has been in trade deficit at the Malaysia

CHINA is moving away from its traditional manufacturing-driven, export and investment-led economy to one underpinned by services, consumption and domestic activities. Such transition will potentially lower its economic growth from the past strong double-digit numbers.

Despite moving away from its traditional business, fixed investment is still a key driver for the economic growth. It rose to a new high of 59.6 trillion yuan (US$8.7 trillion) in 2016 which accounts for about 80% of the total GDP due to the government’s strong push for infrastructure investment.