Thursday, 24 January, 2019

China '18 trade surplus with United States at record $323B

Donald Trump's trade war hits Chinese exports China December exports unexpectedly drop
Jean Garcia | 14 January, 2019, 20:25

At the same time, China's imports from Russian Federation grew by 42.7 percent, reaching $59.08 billion.

China's trade surplus with the United States rose to $323.32 billion previous year, the highest on record going back to 2006, Reuters calculations based on customs data showed on Monday.

In 2017, the trade difference between the two world's largest economies was $275.8 billion in China's favor.

Exports to the United States held up through late 2018 despite President Donald Trump's tariff hikes on Chinese goods.

The Customs office is expected to release trade numbers for December later in the day.

Washington has been clamouring for an end to the forced transfer - and even theft - of American technology and intellectual property, as well as steep government subsidies for Chinese companies.

Real Madrid injury crisis deepens as Benzema fractures finger
Before that, Solari said that "we are a squad which can be added to by the kids from Castilla if there are absences". We all do our best, coaches too.

Renewed fears over the strength of the global economy piled pressure on stock markets and commodity prices this morning after China revealed a sharp drop in exports.

The country's commerce minister told state media on Friday that China will work to straighten out trade frictions with the USA this year.

But a slew of bad data has added to concerns about China's economy, which is expected to have grown around 6.5% in 2018, down from 6.9% in 2017 and the weakest rate in nearly three decades.

Last week, the Chinese commerce ministry said that mutual trade between the countries in December reached $100 billion for the first time ever.

"Private enterprises contributed more than half to China's foreign trade growth in 2018, a bright spot of China's foreign trade development", said the spokesman.

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