Economic Growth - Malaysia's GDP grew by 4.4% year-on-year in Q2, maintaining a steady growth trend despite a complex external environment, slightly below the earlier forecast of 4.5% but above market expectations of 4.3% [1] - Seasonally adjusted GDP increased by 2.1% quarter-on-quarter, significantly higher than the 0.7% growth in Q1, indicating economic resilience [1] Domestic Demand - Strong domestic demand was a key driver of economic growth, with household consumption rising by 5.3% year-on-year and public consumption increasing by 6.4% in Q2 [1] - Government policies, such as raising minimum wages and adjusting civil servant salaries, enhanced consumer purchasing power, contributing to a thriving consumption market [1] - Private and public investments grew by 10.2% and 6.8%, respectively, further supporting economic expansion [1] Sector Performance - The services sector grew by 5.1% year-on-year, driven by active performance in wholesale and retail, as well as food and beverage sub-sectors [2] - Manufacturing sector growth slowed but still achieved a 3.7% year-on-year increase, with electrical, electronic, and optical products showing sustained growth [2] - Agriculture and construction sectors also reported growth rates of 2.1% and 12.1%, respectively [2] Labor Market - Total employment in Malaysia increased by 2.9% year-on-year, reaching 16.86 million, with an unemployment rate stable at 3%, down 5.7% from the previous year [2] - Labor force participation rate rose to 70.8%, indicating a robust labor market that supports household consumption and sustainable economic growth [2] Trade Performance - Despite challenges, Malaysia's trade performance showed some highlights, with a significant 72.6% drop in net exports due to reduced commodity exports, particularly in mining [2] - Strong performance in electrical and electronic product exports partially offset the overall decline in exports [2] - Malaysia's important position in regional supply chains and trade cooperation with other countries provided some buffer against export market pressures [2] Inflation and Monetary Policy - Malaysia's inflation remained moderate in Q2, with the overall inflation rate decreasing from 1.5% in Q1 to 1.3%, and core inflation holding steady at 1.8% [3] - The decline in fuel prices and a slowdown in food price increases were the main reasons for the drop in inflation rates, providing stability for consumer purchasing power and room for monetary policy adjustments [3] - The central bank expects overall inflation to remain moderate, ranging between 1.5% and 2.3% for the year [3] Future Outlook - Analysts predict that Malaysia's economy may face challenges in the second half of the year, with potential further slowdown in exports [3] - However, continued domestic demand growth and stable investment activities are expected to provide some support for the economy [3] - The recovery of the tourism sector and the advancement of infrastructure projects are anticipated to inject new momentum into the economy [3]

Group 1 - Shanghai's leadership, including Secretary Chen Jining and Mayor Gong Zheng, welcomed Macau's Chief Executive Ho Iat Seng, emphasizing the importance of deepening cooperation between Shanghai and Macau [1] - Chen Jining highlighted Shanghai's commitment to enhancing its role as an international economic, financial, trade, shipping, and technological innovation center, aligning with national strategies [1] - The meeting aimed to strengthen communication and collaboration in various fields, including economic investment, technological innovation, and cultural education, to better serve national development [1] Group 2 - Ho Iat Seng expressed gratitude for Shanghai's support in Macau's development and emphasized Macau's efforts to diversify its economy and develop the Hengqin Guangdong-Macau Deep Cooperation Zone [2] - The visit was intended to gain insights into Shanghai's experiences in technological innovation and high-tech industry development, promoting strategic alignment and enterprise cooperation [2] - Both parties aim to achieve a "two-way rush" in collaboration, contributing to national development goals [2]

Group 1 - The South Korean Minister is engaging in trade discussions with Lutnik in the United States [1]

Group 1 - The core viewpoint of the article emphasizes that the agreement with the United States is not only about trade but also involves security and the situation in Ukraine [1]

Group 1 - The meeting between US President Trump and Philippine President Marcos focused on trade, war, and peace issues [1]

Group 1 - The core message emphasizes that trade and uncertainty are key themes in the G20 communiqué [1]

Group 1 - The core message of the article emphasizes that trade and uncertainty are the key themes highlighted in the G20 communiqué [1] Group 2 - Japanese Ministry of Finance officials indicate that the discussions at G20 are heavily focused on the implications of trade dynamics and the prevailing uncertainties in the global economy [1]

【环球时报综合报道】 编者的话： 近日，美国和非洲之间的两场活动引发关注。7月9日，美国总统特朗普在白宫举办"小型非洲峰会"，接待了来 自加蓬、几内亚比绍、利比里亚、毛里塔尼亚和塞内加尔5个非洲国家的总统，并在开场致辞中称，美对非政策"正在从援助转为贸易"。此前两 周，第17届美非商业峰会在非洲西南部国家安哥拉举行，汇聚了1500多名来自美非的代表。有分析认为，这些动态可能意味着美国试图与非洲构 建更"平衡互利"的关系，而不再是美对非单方面援助。但是，这一尝试面临的障碍很大。美国的签证禁令、关税威胁和居高临下的态度都引发了 非洲的质疑声音——这会不会又是一次"新瓶装旧酒"的"现代殖民剧场演出"？ " 和平与对等 " 背后的 " 矿产赌博 " "特朗普认为，参加午宴的每个国家代表都主动提供了进行经济投资合作的机会。"一位知情人士在谈及7月9日的"小型非洲峰会"时对美国《纽约 时报》透露说，美国政府邀请非洲国家参会的目的是与其达成协议，帮助美国获得更多关键矿产，并"应对中国对非洲大陆影响力的增长"。 在峰会前后，有的美国企业已经开始与有关国家达成协议。据利比里亚《每日观察家报》7月4日报道，利比里亚政府与美国矿业 ...

Core Viewpoint - Trade is identified as the primary driver of the U.S. economic outlook according to Federal Reserve Governor Christopher Waller [1] Group 1 - The emphasis on trade highlights its significant role in shaping economic growth and stability in the U.S. [1] - The statement suggests that fluctuations in trade policies and international relations could have substantial impacts on the U.S. economy [1]

美国总统特朗普：将与巴林总理讨论贸易问题。 ...