China's exports in December up 10.7%, beating estimates as higher U.S. tariffs loom
3 days, 9 hours ago

China's exports in December up 10.7%, beating estimates as higher U.S. tariffs loom

NPR  

China's exports in December up 10.7%, beating estimates as higher U.S. tariffs loom toggle caption AP/CHINATOPIX/AP HONG KONG — China's exports in December grew at a faster pace than expected, as factories rushed to fill orders to beat higher tariffs that U.S. President-elect Donald Trump has threatened to impose once he takes office. Sponsor Message China's exports are likely to remain strong in the near-term, said Zichun Huang of Capital Economics, as businesses try to "front-run" potentially higher tariffs. Record exports and total trade Officials who briefed reporters in Beijing said the total value of China's imports and exports reached a record 43.85 trillion yuan, up 5% from a year earlier. The report Monday said China's export of mechanical and electrical products increased by almost 9% last year from a year earlier, with growth in exports of "high-end equipment" jumping more than 40%.

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History of this topic

Trump worry in China: Export hubs Shanghai, Guangdong cut GDP targets over external pressure
21 hours, 17 minutes ago

Trump worry in China: Export hubs Shanghai, Guangdong cut GDP targets over external pressure

Firstpost  

Shanghai and Guangdong, key economic powerhouses, both announced growth targets of “around 5 per cent,” down from the 5.5-6 per cent range set by several central and eastern provinces earlier this week China faces economic challenges as Trump hints at steep tariffs and other challenges. File image/Reuters China’s major exporting hubs have cut their economic growth targets for 2025, citing …

US importers rush in goods from China as Donald Trump’s tariff threat looms
Trending News
1 day, 1 hour ago

US importers rush in goods from China as Donald Trump’s tariff threat looms

Live Mint  

U.S. imports from China finished the year strong after some companies stockpiled shipments of apparel, toys, furniture and electronics ahead of President-elect Donald Trump's plan to impose new tariffs that could revive a trade war between the world's economic superpowers. The equivalent of 451,000 40-foot containers of goods from China landed at U.S. seaports in December, a year-over-year increase of …

For The Record
1 day, 9 hours ago

For The Record

Times of India  

Chinese are first to hit the $1tn trade surplus milestone, but they have a lot to worry about China sold goods and services worth $3.6tn to other countries in 2024, bought stuff worth $2.6tn, and finished with a trade surplus of almost $1tn – an all-time record even after adjusting for inflation. It’s a big leap from the $820-840bn surplus …

China saw record trade with Russia in 2024: customs data
2 days, 16 hours ago

China saw record trade with Russia in 2024: customs data

The Hindu  

Trade between China and Russia reached a record high last year, official data showed Monday, reflecting strong economic ties between the countries despite Western sanctions on Moscow. Last year's uptick brought trade between the large neighbouring countries to a historic high, though it represented much slower growth than the 26.3% year-on-year surge recorded the year before last. Chinese President Xi …

China’s export boom means Trump tariffs would hit Beijing where it hurts
3 days, 2 hours ago

China’s export boom means Trump tariffs would hit Beijing where it hurts

Live Mint  

China’s economy is more dependent on exports than it has been for most of the past two decades, leaving it vulnerable to a new broadside on trade from President-elect Donald Trump. Aside from 2021, when consumers the world over were gorging on Chinese-made home appliances, fitness equipment and computer gear during Covid-19 lockdowns, that would mark trade’s biggest contribution to …

China’s export surge amid trade tensions
Trending News
3 days, 9 hours ago

China’s export surge amid trade tensions

CNN  

Beijing Reuters — China’s exports gained momentum in December, with imports also showing recovery, though strength at the year-end was in part fueled by factories rushing inventory overseas as they braced for heightened trade risks under a Trump presidency. “Trade front-loading became more visible in December as a result of both Chinese New Year effects and Donald Trump’s inauguration,” said …

China’s exports in December up 10.7 per cent, beating estimates as higher US tariffs loom
Trending News
3 days, 9 hours ago

China’s exports in December up 10.7 per cent, beating estimates as higher US tariffs loom

New Indian Express  

HONG KONG: China's exports in December grew at a faster-than-expected pace as factories rushed to fill orders in anticipation of higher tariffs threatened by U.S. President-elect Donald Trump once he takes office. Officials in Beijing reported that the total value of China's imports and exports reached a record 43.85 trillion yuan in 2024, marking a 5% increase from the previous …

Ample opportunities seen for foreign trade in 2025
5 days, 9 hours ago

Ample opportunities seen for foreign trade in 2025

China Daily  

China's foreign trade, particularly exports of mechanical and electrical products, along with its resilient supply chains, will be pivotal in curbing global inflation and driving the green transformation of many countries in 2025, market analysts and exporters said on Friday. Although external risks and challenges, including increasing trade barriers and geopolitical impacts, are growing, they said there are still ample …

Tariffied? Markets feeling the most pinch from Trump tariff risks
1 week ago

Tariffied? Markets feeling the most pinch from Trump tariff risks

The Hindu  

From China to Europe, Canada to Mexico, world markets are already reeling from Donald Trump's promise to jack up tariffs when he becomes U.S. president in less than two weeks. But traders, speculating that tariffs could boost U.S. inflation, anticipate just 40 bps of Fed rate cuts, enhancing the dollar's appeal over the euro. A full-fledged trade war necessitating additional …

Yuan eases to 16-month low, pressured by strong dollar
1 week, 1 day ago

Yuan eases to 16-month low, pressured by strong dollar

Live Mint  

SHANGHAI, Jan 8 - China's yuan fell to a 16-month low on Wednesday, pressured by a strong dollar and tariff threats from U.S. President-elect Donald Trump's incoming administration, despite the central bank setting stronger-than-expected guidance. "The yuan is expected to face depreciation pressure, not only from tariff hikes but also from a significantly stronger dollar," said Wang Tao, chief China …

How China, India will navigate Trump’s bid for ‘tariffs, and tariffs alone’
1 week, 2 days ago

How China, India will navigate Trump’s bid for ‘tariffs, and tariffs alone’

Live Mint  

As Donald Trump returns as the US President on 20 January, the world will closely watch his trade policies. During his first term, Trump initiated a trade war with China in 2018, imposing tariffs on $250 billion worth of Chinese goods, including steel, aluminium, solar panels and washing machines. China's trade surplus stood at $785 billion for the first 10 …

Is China deliberately letting the yuan tank against the US dollar? What is Beijing's strategy?
1 week, 5 days ago

Is China deliberately letting the yuan tank against the US dollar? What is Beijing's strategy?

Firstpost  

The value of the yuan has tanked despite the central bank’s seemingly continued efforts to support the currency. With a weaker yuan, China’s exports are bound to become cheaper, making them more appealing to buyers The yuan has breached the 7.3 per dollar mark for the first time since 2023. China’s state-owned banks, a key player in maintaining currency stability, …

China’s Services Activity Jumps as Stimulus Boosts Local Demand
2 weeks, 2 days ago

China’s Services Activity Jumps as Stimulus Boosts Local Demand

Live Mint  

China’s services activity expanded at the fastest pace in nine months while the manufacturing sector grew for a third straight month, signaling improving domestic demand after Beijing’s stimulus blitz. “But the boost probably won’t last more than a few quarters, with Trump likely to follow through on his tariff threat next year and persistent structural imbalances still weighing on the …

EU urged to seek 'win-win' tariff position
Top News
2 weeks, 2 days ago

EU urged to seek 'win-win' tariff position

China Daily  

By WANG YU and ZHONG NAN | China Daily | Updated: 2024-12-31 09:25 A SAIC model is driven into a cargo ship headed to Europe. The European Union should adopt a mutually beneficial approach to resolve the trade issue over its anti-subsidy case with Chinese electric vehicles, as such an approach aligns with the bloc's interests, said Wei Jianguo, China's …

EU urged to seek 'win-win' tariff position
Top News
2 weeks, 2 days ago

EU urged to seek 'win-win' tariff position

China Daily  

By WANG YU and ZHONG NAN | China Daily | Updated: 2024-12-31 09:25 A SAIC model is driven into a cargo ship headed to Europe. The European Union should adopt a mutually beneficial approach to resolve the trade issue over its anti-subsidy case with Chinese electric vehicles, as such an approach aligns with the bloc's interests, said Wei Jianguo, China's …

EU urged to seek 'win-win' tariff position
Trending News
2 weeks, 2 days ago

EU urged to seek 'win-win' tariff position

China Daily  

Imposing duties has never effectively addressed trade issues, ex-official says The European Union should adopt a mutually beneficial approach to resolve the trade issue over its anti-subsidy case with Chinese electric vehicles, as such an approach aligns with the bloc's interests, said Wei Jianguo, China's former vice-minister of commerce. Wei said that the EU's tariff imposition approach toward Chinese EVs …

BRI trade boosts exporters' profits
2 weeks, 6 days ago

BRI trade boosts exporters' profits

China Daily  

Cars bound for Belt and Road destinations await shipment in Yantai Port, Shandong province. ZHANG JINGANG/FOR CHINA DAILY China's trade with other countries and regions participating in the Belt and Road Initiative will keep growing in 2025, fueled by many emerging economies' surging demand for products to meet their need for green transformation, consumption upgrade and industrialization, said market watchers …

China's industrial firms see higher revenue in Jan-Nov
2 weeks, 6 days ago

China's industrial firms see higher revenue in Jan-Nov

China Daily  

BEIJING - The performance of major Chinese industrial enterprises continued to recover in November as a series of government policies came into play. From January to November, the operating revenue of major industrial enterprises reached 123.48 trillion yuan, up 1.8 percent year-on-year, according to the National Bureau of Statistics on Friday. In November alone, the operating revenue of China's major …

India’s trade braces for an action-packed 2025
3 weeks, 2 days ago

India’s trade braces for an action-packed 2025

Live Mint  

India’s external trade, navigating a phase of uncertainty owing to the European Union's new carbon tax on imports and slowing consumption in Europe, is set face further pressure. Yet, according to Pralok Gupta, associate professor, Indian Institute of Foreign Trade, which operates under the ministry of commerce and industry, “If US imposes high tariffs on China, India may face collateral …

Better Sino-US ties best option for Trump
4 weeks ago

Better Sino-US ties best option for Trump

China Daily  

US president-elect Donald Trump Donald Trump's victory in the US presidential election heralds the start of a new era in the United States. On the trade side, high tariffs are imposed on goods imported from China; on the technological side, there is export control on high-precision semiconductors and other hi-tech products; and on the investment side, US companies are forbidden …

US tariffs on China unable to stop China trade growth
Trending News
4 weeks, 1 day ago

US tariffs on China unable to stop China trade growth

China Daily  

Vessels dock at the port of Lianyungang, a pilot FTZ area in Jiangsu province. WANG CHUN/FOR CHINA DAILY US president-elect Donald Trump has repeatedly pledged to impose high tariffs on imports from China, including revoking China’s permanent normal trade relations status, resulting in 32 percent tariff, an additional 10 percent tariff, on the basis of the average 19 percent tariff …

US tariffs on China unable to stop China trade growth
Trending News
4 weeks, 1 day ago

US tariffs on China unable to stop China trade growth

China Daily  

Vessels dock at the port of Lianyungang, a pilot FTZ area in Jiangsu province. WANG CHUN/FOR CHINA DAILY US president-elect Donald Trump has repeatedly pledged to impose high tariffs on imports from China, including revoking China’s permanent normal trade relations status, resulting in 32 percent tariff, an additional 10 percent tariff, on the basis of the average 19 percent tariff …

Chinese economy can brave external risks
Trending News
4 weeks, 2 days ago

Chinese economy can brave external risks

China Daily  

The skyline of Beijing. If the 2021-23 inflation surge in the United States helped Donald Trump's election triumph, his likely tariff wars will penalize world trade and exacerbate bilateral ties with China, again. In setting priorities for its economic policy for 2025, Chinese policymakers emphasize the need to maintain stable growth, employment and commodity prices through steps including higher deficit-to-GDP …

Chinese economy can brave external risks
Trending News
4 weeks, 2 days ago

Chinese economy can brave external risks

China Daily  

The skyline of Beijing. If the 2021-23 inflation surge in the United States helped Donald Trump's election triumph, his likely tariff wars will penalize world trade and exacerbate bilateral ties with China, again. In setting priorities for its economic policy for 2025, Chinese policymakers emphasize the need to maintain stable growth, employment and commodity prices through steps including higher deficit-to-GDP …

US families to bear brunt of new tariffs
Trending News
4 weeks, 2 days ago

US families to bear brunt of new tariffs

China Daily  

Families in the United States could soon have to pay thousands of dollars more for furniture, clothes, cars, electronics and household items imported from China and other key trading partners if US President-elect Donald Trump follows through with a new round of tariffs, according to economists and trade organizations. Mary Lovely, professor emeritus of economics at the Maxwell School of …

Opening-up to spur foreign trade growth
1 month ago

Opening-up to spur foreign trade growth

China Daily  

A container ship leaves Qingdao Port, Shandong province. China will continue to advance institutionalized opening-up, broaden market access for global businesses and advocate free trade agreements, fueling its economic growth and bolstering multilateralism in 2025, market observers and business executives said on Sunday. Noting that China gave the green light earlier this year for the establishment of wholly foreign-owned hospitals …

China’s weak consumption drags on economy as Trump tariff threat looms
1 month ago

China’s weak consumption drags on economy as Trump tariff threat looms

CNN  

Beijing Reuters — China’s industrial output growth quickened slightly in November, while retail sales disappointed, keeping alive calls for Beijing to ramp up consumer-focused stimulus as policymakers brace for more US trade tariffs under a second Trump administration. “China’s economic policies have been amazingly consistent in promoting manufacturers over consumers despite clear signs of lasting weakness,” said Dan Wang, a …

Opening-up to spur foreign trade growth
1 month ago

Opening-up to spur foreign trade growth

China Daily  

China will continue to advance institutionalized opening-up, broaden market access for global businesses and advocate free trade agreements, fueling its economic growth and bolstering multilateralism in 2025, market observers and business executives said on Sunday. Noting that China gave the green light earlier this year for the establishment of wholly foreign-owned hospitals in selected cities, including Beijing and Shanghai, Liu …

Tailwinds favoring foreign trade enterprises
Trending News
1 month ago

Tailwinds favoring foreign trade enterprises

China Daily  

Automated vehicles deliver cargo at Qingdao Port's fully automated terminal in Shandong province on Dec 3. ZHANG JINGANG/FOR CHINA DAILY China will ramp up financial support, cultivate new growth engines, and strengthen services for foreign trade enterprises in order to unlock momentum and foster resilience in the country's foreign trade sector — a critical pillar underpinning overall economic growth, officials …

Trade War Widened US Trade Deficit, Increased Chinese Global Exports
1 month ago

Trade War Widened US Trade Deficit, Increased Chinese Global Exports

Deccan Chronicle  

The US-China trade war initiated by President Donald Trump under his previous government failed to achieve its goals as the trade deficit of the US further widened while China’s global exports increased between 2017 and 2023. The US-China trade war, which began in March 2018 by imposing 25 per cent tariffs on steel and 10 per cent on aluminium, escalated …

US manufacturers are stocking up on imports ahead of tariffs
1 month ago

US manufacturers are stocking up on imports ahead of tariffs

Live Mint  

U.S. manufacturers are stockpiling imported parts and raw materials in anticipation of President-elect Donald Trump imposing new tariffs next year. U.S. industrial manufacturers and consumer-packaged-goods companies are buying up critical parts and raw materials, such as emulsifiers and flavor enhancers, driving up demand, according to GEP, a supply-chain software company that gathers the data. U.S. businesses are giving priority to …

China signals it’s prepared to double down on support for the economy as Trump tariffs loom
1 month ago

China signals it’s prepared to double down on support for the economy as Trump tariffs loom

Associated Press  

BANGKOK — Chinese leaders met this week to plot economic policy for the coming year, sketching out plans to raise government spending and relax Beijing’s monetary policy to encourage more investment and consumer spending. China’s economy has been growing slightly more slowly than the “about 5%” target leaders set for this year as a prolonged crisis in its real estate …

China signals it's prepared to double down on support for the economy as Trump tariffs loom
1 month ago

China signals it's prepared to double down on support for the economy as Trump tariffs loom

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Leaders of the ruling Communist Party wrapped up their …

‘Let yuan fall’: China’s new mantra to counter Trump tariff as Xi battles to revive economy
1 month ago

‘Let yuan fall’: China’s new mantra to counter Trump tariff as Xi battles to revive economy

Firstpost  

China is considering allowing its currency yuan to weaken in 2025 as the country braces for higher US trade tariffs as Donald Trump returns to the White House on January 20, 2025 As per analysts, the yuan may fall to 7.37 per dollar by the end of 2025, though a key factor will be how much Donald Trump raises tariffs …

Foreign trade growth on steady track
1 month ago

Foreign trade growth on steady track

China Daily  

A container ship leaves Qingdao Port, Shandong province. As global demand gains momentum, China's foreign trade is expected to maintain steady growth in the coming months, surpassing the usual seasonal fluctuations observed in previous years, trade experts and exporters said on Tuesday. China's foreign trade expanded by 4.9 percent year-on-year to 39.79 trillion yuan in the January-November period, while exports …

China's Xi warns 'no winners' in trade war with U.S.
1 month ago

China's Xi warns 'no winners' in trade war with U.S.

Raw Story  

by Peter CATTERALL Chinese President Xi Jinping warned Tuesday that there would be "no winners" in a trade war with the United States and vowed the country would hit its growth goals for the year. Former US president Donald Trump -- who returns to the White House next month -- unleashed a grueling trade war with China during his first …

China’s exports slow, imports decline in November, falling below forecasts
1 month ago

China’s exports slow, imports decline in November, falling below forecasts

Associated Press  

HONG KONG — China’s exports slowed in November and its imports declined, falling below forecasts and underscoring potential weakness in trade at a time when its leaders are striving to boost the economy after the shocks of the COVID-19 pandemic. U.S. President-elect Donald Trump has threatened to slap tariffs of 60% or more on imports of Chinese goods, complicating Beijing’s …

China's foreign trade up 4.9% in first 11 months
1 month ago

China's foreign trade up 4.9% in first 11 months

China Daily  

By Zhong Nan | chinadaily.com.cn | Updated: 2024-12-10 11:12 China's foreign trade expanded by 4.9 percent year-on-year to 39.79 trillion yuan in the January-November period of 2024, statistics from the General Administration of Customs showed on Tuesday. The country's exports rose 6.7 percent yearly to 23.04 trillion yuan, while its imports climbed 2.4 percent year-on-year to 16.75 trillion yuan during …

Trump is threatening to raise tariffs again. Here’s how China plans to fight back
1 month ago

Trump is threatening to raise tariffs again. Here’s how China plans to fight back

LA Times  

President-elect Donald Trump has threatened to impose new tariffs on Chinese imports when he takes office, a move that would deepen a trade war he started six years ago. Trump kicked off a trade war in 2018 by imposing 25% tariffs on imports from China — including industrial machinery, cars, auto parts and television cameras. Last week, the U.S. expanded …

China's foreign trade up 4.9% in first 11 months
1 month ago

China's foreign trade up 4.9% in first 11 months

China Daily  

China's foreign trade expanded by 4.9 percent year-on-year to 39.79 trillion yuan in the January-November period of 2024, statistics from the General Administration of Customs showed on Tuesday. The country's exports rose 6.7 percent yearly to 23.04 trillion yuan, while its imports climbed 2.4 percent year-on-year to 16.75 trillion yuan during this period, customs data showed. The import and export …

China’s flood of cheap goods is angering its allies, too
1 month, 1 week ago

China’s flood of cheap goods is angering its allies, too

Live Mint  

A deluge of cheap Chinese goods washing over the developing world is jacking up tensions between China and the Global South, complicating Beijing’s plans to build alliances as it confronts escalating trade tensions with the U.S. With President-elect Donald Trump saying he plans to significantly increase tariffs on China, Beijing is hoping to unload more of its excess factory production …

3 factors that pulled China's yuan to 4-month low against dollar despite impressive PMI numbers
Trending News
1 month, 2 weeks ago

3 factors that pulled China's yuan to 4-month low against dollar despite impressive PMI numbers

Firstpost  

China’s yuan fell to a low 7.2675 per dollar, its weakest since July 24 on Monday despite private manufacturing survey showing that the country’s factory activity expanded at the fastest pace in five months in November Aiming to takeover US dollar and becoming world’s principal reserve currency, China’s yuan slipped to a four-month low raising concerns that the second largest …

China's yuan slides to 4-month low on tariff threats and mixed PMI data
1 month, 2 weeks ago

China's yuan slides to 4-month low on tariff threats and mixed PMI data

Hindustan Times  

SHANGHAI, - The yuan fell to a four-month low on Monday, as tariff threats and mixed purchasing managers' index data raised concern China's economy might need additional policy support. The onshore yuan dropped to a low of 7.2675 per dollar, its weakest since July 24, despite a private manufacturing survey on Monday showing China's factory activity expanded at the fastest …

What to buy now before Trump’s tariffs kick in
1 month, 2 weeks ago

What to buy now before Trump’s tariffs kick in

CNN  

New York CNN — During this busy holiday shopping season, some bargain hunters may be wondering if this is the ideal time to stock up on items before they could cost a lot more. But a 10% across-the-board import tariff, plus the additional 60% on Chinese goods, could cause the price of a new smartphone to rise by 26% to …

What to buy now before Trump’s tariffs kick in
1 month, 2 weeks ago

What to buy now before Trump’s tariffs kick in

CNN  

New York CNN — During this busy holiday shopping season, some bargain hunters may be wondering if this is the ideal time to stock up on items before they could cost a lot more. But a 10% across-the-board import tariff, plus the additional 60% on Chinese goods, could cause the price of a new smartphone to rise by 26% to …

China to respond to Trump's 'tariff war' with 'supply chain war'
1 month, 2 weeks ago

China to respond to Trump's 'tariff war' with 'supply chain war'

Firstpost  

China is expected to use its dominant position in supply chains to respond forcefully with a ‘supply chain war’ to ’tariff war’ that US President-elect Donald Trump is expected to wage on China US President-elect Donald Trump waves next to Chinese President Xi Jinping after attending a business event at the Great Hall of the People in Beijing on November …

India-China trade: An alarming $18 billion discrepancy
1 month, 2 weeks ago

India-China trade: An alarming $18 billion discrepancy

Live Mint  

India-China trade data for 2023 reveals a widening discrepancy, with India's reported imports from China falling significantly short of China's export figures, raising concerns over potential anomalies such as under-invoicing, misclassification, and inconsistent reporting practices. In 2023, India's merchandise imports from China stood at $99.59 billion, which was 18.2% lower than the $117.68 billion worth of exports reported by China, …

Why Trump’s proposed tariffs may be bad news for China and Asia
1 month, 2 weeks ago

Why Trump’s proposed tariffs may be bad news for China and Asia

CNN  

Hong Kong CNN — President-elect Donald Trump took to social media on Monday to promise massive hikes in tariffs on goods coming from Mexico, Canada and China starting on the first day of his second term. But Trump’s planned tariffs on Chinese goods could also benefit some countries in Southeast Asia as factories may relocate from China to other places …

Trump threatens Mexico, China, and Canada with tariffs over immigration and drugs
1 month, 2 weeks ago

Trump threatens Mexico, China, and Canada with tariffs over immigration and drugs

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Continuing, Trump said the higher import taxes would “remain in effect until such time …

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