Just return from China, Guangzhou for a business trip. Everything was really fine there weather was calm, around 12˚C to 24˚C, not really cold though, the only problem is the dry wind makes my expose skin dry, really dry and cracked. I had a mark on my face now.
Well, almost all the business partners we met there were complain about the bad economy affecting badly on the market, from the primary to secondary industries.
I wonder a country like China, which is consider a very self-sustain economy, producing all the raw material until all processed material from head until end, was affected by western countries’ sub-prime effect.
But back to Malaysia, our politicians insist that the sub-prime had nothing to do with Malaysia economy, which I couldn’t agree at all.
Understand that Malaysia bankers usually are conservative and very calculative on all the profit margin and return, the bad debts are usually not as serious as the western countries. Thus, there are no direct impacts on the Malaysian bankers as those appear in newspaper recently.
But, common sense will tell us our economy is affected directly by America because America is Malaysia’s biggest export country, around 60% of our electronics goods are export there. Who can guarantee the sales if America’s demand is lowered?
In my opinion, Malaysian economy body is shrinking, the job market too. I’m afraid nowadays graduating students like me are worrying the future career upon the graduation.
Well, almost all the business partners we met there were complain about the bad economy affecting badly on the market, from the primary to secondary industries.
I wonder a country like China, which is consider a very self-sustain economy, producing all the raw material until all processed material from head until end, was affected by western countries’ sub-prime effect.
But back to Malaysia, our politicians insist that the sub-prime had nothing to do with Malaysia economy, which I couldn’t agree at all.
Understand that Malaysia bankers usually are conservative and very calculative on all the profit margin and return, the bad debts are usually not as serious as the western countries. Thus, there are no direct impacts on the Malaysian bankers as those appear in newspaper recently.
But, common sense will tell us our economy is affected directly by America because America is Malaysia’s biggest export country, around 60% of our electronics goods are export there. Who can guarantee the sales if America’s demand is lowered?
In my opinion, Malaysian economy body is shrinking, the job market too. I’m afraid nowadays graduating students like me are worrying the future career upon the graduation.
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