Rising China demand to soften MCO impact
Published on: Monday, January 18, 2021
By: David Thien
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Credit: thestar.com.my
Kota Kinabalu: There will be new depressive business impact from the movement control order (MCO) to contain Covid-19 spread a day after the MCO announcement, but is expected to be soften by increasing demand from the China market for Malaysia’s commodities and manufactured goods in 2021.The manufacturing sector is set to raise productivity. It was supported by the ongoing China’s economic recovery and demand for commodities, said Dr Anthony Dass (pic), Ambank Group Chief Economist.
The previous CMCO being more targeted, with less adverse implications on both supply and demand.
He said: “Last November, the poor manufacturing PMI reading did not come as a surprise. With the rise in the number of Covid-19 cases both locally and abroad, added with the restrictive measures to contain the virus spread, these weighed on both the supply and demand.
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