BEIJING (SCMP): A doppelganger of “King of Mandopop”, Jay Chou, in the form of a street food vendor in China has recently opened an eatery, attracting a large number of customers.
Under the presidency of Kamala Harris, the ringgit is expected to depreciate at a “very manageable” rate of 2% to 3%.
Meanwhile, under the presidency of Kamala Harris, the ringgit is also expected to depreciate, albeit at a “very manageable” rate of 2% to 3%. This in turn may cause an outflow of foreign funds out of emerging markets, including Malaysia, causing currencies to weaken as the US dollar gains strength. China is Malaysia’s largest trading partner.According to Subran, actual delivery of the fiscal stimulus could lead to between US$72bil and US$115bil of additional imports by China in 2025.Among the stimulus measures announced were the pumping in of 800 billion yuan to strengthen China’s stock market and the reduction of cash amount commercial banks are required to hold in reserves.
“Since Malaysia is also involved in the Chinese supply chain, there are many opportunities in the green transition for Malaysian manufacturers going forward. On the Malaysian economy, Subran also said that the gross domestic product is forecast to grow by 4.8% in 2024, before settling at a robust 4.2% in 2025.
Ringgitdepreciation Trumpeffect Uspresidentialelection Malaysiaeconomy Federalreserve Chinastimulus Greentransition
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