KUALA LUMPUR, May 24 (Bernama) -- Malaysia''s trade with China has not been
badly affected by the economic slowdown in China and Europe, says International
Trade and Industry Minister Datuk Seri Mustapa Mohamed.
"Trade (overall) will still grow between five and six per cent per annum
this year. That is our forecast for the whole year.
"If it (trade) is up and down monthly, that''s quiet normal but the forecast
remains," he told a press conference after launching the Malaysia External Trade
Development Corporation (Matrade)''s mobile applications called "MyExport and
Mustapa was commenting on whether Malaysia''s trade with the economic power
house would be affected by China''s economic slowdown.
On the first quarter Gross Domestic Product (GDP) growth of 4.7 per cent
announced yesterday by Bank Negara, he said:"The growth is quite encouraging
despite the economic uncertainties.
"Malaysia recorded a rather encouraging performance in private investment.
This is a good showing and reflects matured investment".
However, the first quarter GDP growth of 4.7 per cent was lower when
compared with the 5.1 per cent growth recorded in the same quarter of last year
and the 5.2 per cent growth registered in the fourth quarter of 2011.
ZAI MAS VMD