Malaysia can withstand risk from China's slow economic growth - Bank Negara


KUALA LUMPUR: Malaysia’s well-diversified economy enables it to withstand risks from China’s slower economic growth as the country does not heavily depend on one particular trade partner or industry, said Bank Negara Malaysia (BNM).

BNM governor Datuk Abdul Rasheed Ghaffour said although China is Malaysia’s second-largest trade partner, it only accounts for 13.6 per cent of Malaysia’s total trade.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
BNM , China , GDP , Abdul Rasheed , subsidies

Next In Business News

Southern Score bags RM147mil data centre deal
MRCB secures RM3bil Penang LRT contract
AWC secures RM23mil contract
Fed credibility spooks fresh demand for bonds
Perak Transit launches share buy-back to unlock shareholder value
Lotte Chemical Titan posts yet another loss
Activist�pushes furniture firm Ethan Allen to replace board and CEO
Glencore eyes Australia listing to tap US$3.1 trillion pension pot
DBS beats profit estimates, lifts 2026 guidance
Foreign investors return to Malaysian equities

Others Also Read