Trade Between China, Mekong Countries Increases by 105% in 6 Years

By / SSTV / Updated: 11:12,12-August-2022

The Lancang-Mekong Cooperation mechanism has been established for six years, from 2016-2022. In 2021, the trade between China and countries along the Mekong River reached $398 billion, up 23% year-on-year and 105% over 2015. Over the past six years, the Lancang-Mekong Cooperation has been expanding in the agricultural field. Agriculture is a pillar industry of the six countries, and promoting agriculture through science and technology is the priority of the cooperation. China and the five other Mekong countries have actively carried out scientific and technological exchanges and practical cooperation in capacity building. More and more agricultural products have entered each other's markets.

Singapore's Retail Sales Increase for 4 Consecutive Months

According to the data released by the Department of Statistics Singapore, the country’s retail sales have increased for four consecutive months, and recorded a rise of 14.8% in June this year from the low base last year, which was caused by international travel restrictions and other measures. In June this year, the sales of non-daily essential goods continued the substantial growth of the previous month, but in contrast, the sales of automobiles decreased by 11.4% year-on-year.

Malaysia to End Subsidies for Chicken Farmers on Aug 31st

The Malaysian government plans to end subsidies for chicken farmers at the end of this month. Local chicken farming workers believe that the ending of subsidies indicate that the export of live chickens may resume soon. However, the Ministry of Agriculture and Food Industries of Malaysia issued a statement saying that the export ban on live chickens will not be lifted until the domestic chicken price and supply stabilize. At present, the export ban on live chickens is still in effect. The government will review the domestic chicken supply and output before making a decision to lift the ban

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