[revealer]

They put blame on China's slowing economy?

(Jan 19): Malaysia’s economy grew at a slower-than-estimated pace in the fourth quarter on 2023 (4Q2023), as exports to China fell, signalling that a firmer recovery is taking longer than expected.

Gross domestic product (GDP) grew 3.4% in the October-December period from a year ago, according to advance estimates released by Malaysia’s Department of Statistics (DOSM) on Friday. That’s lower than the 4.1% median estimate in a Bloomberg survey.

Malaysia is grappling with falling exports that have been dragged by China’s sputtering economy. Shipments of goods abroad fell 10% from a year earlier in December, the Ministry of International Trade and Industry (Miti) separately reported on Friday, with sales to China, its largest trading partner, shrinking 1.5%.

https://theedgemalaysia.com/node/697942