China trade weakens after cities shut down to fight virus
2 years, 8 months ago

China trade weakens after cities shut down to fight virus

Associated Press  

BEIJING — China’s export growth tumbled in April as global demand weakened, adding to pressure on the world’s second-largest economy after Shanghai and other industrial cities were shut down to fight virus outbreaks. Companies and investors worry the ruling Communist Party’s “zero-COVID” strategy that temporarily closed most businesses in Shanghai and other industrial centers will disrupt global trade and activity in autos, electronics and other industries. “We expect export volumes to fall further over the coming quarters.” Forecasters expect Chinese industrial activity to improve this month as infections ease, but President Xi Jinping last week affirmed Beijing’s commitment to “zero-COVID,” prompting expectations it will weigh on manufacturing, retailing and trade. China’s global trade surplus widened by 19.4% to $51.1 billion while the politically volatile surplus with the United States contracted by 65% to $9.8 billion.

Europe China Trade Imports Shanghai Beijing Billion Chinese Demand  united  industrial  weakens  imports  chinese  demand  cities  fight  trade  virus  global  china  states  shanghai  billion  shut

History of this topic

How China, India will navigate Trump’s bid for ‘tariffs, and tariffs alone’
3 days, 4 hours 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 …

China’s economy is burdened by years of excess. Here’s how bad it really is.
1 week, 2 days ago

China’s economy is burdened by years of excess. Here’s how bad it really is.

Live Mint  

China’s go-go days are behind it as the world’s second-largest economy struggles with the bursting of the biggest real-estate bubble ever. China’s economy today is burdened with excess: Millions of empty or unfinished apartment blocks, trillions of dollars in debt straining local governments and ballooning industrial production driving an export surge that is igniting trade tensions worldwide. Nonetheless, the scale …

US tariffs on China unable to stop China trade growth
Trending News
3 weeks, 2 days 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
3 weeks, 2 days 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 …

Trade War Widened US Trade Deficit, Increased Chinese Global Exports
3 weeks, 4 days 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 …

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

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  

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 …

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 to respond to Trump's 'tariff war' with 'supply chain war'
1 month, 1 week 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 …

China warns ‘no one will win’ if Donald Trump starts trade war
1 month, 2 weeks ago

China warns ‘no one will win’ if Donald Trump starts trade war

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. Read our privacy policy China shot back at Donald …

Spill-over of Trump’s anti-China trade stance
Trending News
1 month, 2 weeks ago

Spill-over of Trump’s anti-China trade stance

Hindustan Times  

Trump’s trade war with China had a global impact, affecting and benefiting countries. US President Donald Trump The US-China trade conflict reflects the US’ protectionism from China’s inroads in its economy and the global economy, which it believes is detrimental to its local jobs, industries, industrial innovation, and national security. Thus, the tit-for-tat trade moves resulted in raising import tariffs …

Ripple effects of US policy on Chinese trade
1 month, 2 weeks ago

Ripple effects of US policy on Chinese trade

Hindustan Times  

The United States ’s firm stance on Chinese products has become a cornerstone of its economic strategy, transcending party lines and administrations. As the world’s two largest economies clash, the consequences ripple through global markets, affecting supply chains, trade relationships, and economic growth worldwide. This bipartisan approach reflects a broader recalibration of the US's economic relationship with China, aiming to …

Tariff hikes will backfire, and China can manage such ‘external shocks,’ a senior official says
1 month, 2 weeks ago

Tariff hikes will backfire, and China can manage such ‘external shocks,’ a senior official says

Associated Press  

HONG KONG — Higher tariffs on Chinese exports will backfire, just increasing prices paid by consumers, while China can manage to weather the impact of such “external shocks,” a senior Commerce Ministry official said Friday in Beijing. Responding to a reporter’s question about U.S. President-elect Donald Trump’s plan to impose 60% tariffs on imports from China, Vice Commerce Minister Wang …

Tariff hikes will backfire, and China can manage such 'external shocks,' a senior official says
1 month, 2 weeks ago

Tariff hikes will backfire, and China can manage such 'external shocks,' a senior official says

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. Read our privacy policy Higher tariffs on Chinese exports …

China is armed and ready for trade war 2.0 with Donald Trump
1 month, 2 weeks ago

China is armed and ready for trade war 2.0 with Donald Trump

CNN  

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. That’s why, despite selling less to the United States, China’s share of global exports is now at 14%, up from 13% before the first Trump tariffs. At a press conference on Friday, Wang …

China is armed and ready for trade war 2.0 with Donald Trump
1 month, 2 weeks ago

China is armed and ready for trade war 2.0 with Donald Trump

CNN  

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. That’s why, despite selling less to the United States, China’s share of global exports is now at 14%, up from 13% before the first Trump tariffs. At a press conference on Friday, Wang …

American companies are stocking up to get ahead of Trump’s China tariffs
1 month, 3 weeks ago

American companies are stocking up to get ahead of Trump’s China tariffs

Live Mint  

By 9 p.m. on election night, it had become clear to Jason Junod that Donald Trump was returning to the White House. When Trump began his trade war against China in 2018, U.S. businesses scrambled to front-load imports before tariffs were implemented, according to an International Monetary Fund analysis. Though China’s share of U.S. imports has declined to roughly 14% …

Not just China, these US allies too could suffer the most by Donald Trump's tariffs
1 month, 3 weeks ago

Not just China, these US allies too could suffer the most by Donald Trump's tariffs

Hindustan Times  

President-elect Donald Trump has pledged to levy tariffs on imported goods as part of his second-term economic strategy. During his election campaign, Trump promised to employ tariffs to promote American companies, imposing up to 60 percent levies on Chinese goods and up to 20 percent on imports from other nations. Europe would be severely affected if… Speaking to Newsweek Dr. …

China coped with Trump’s first trade war. A second one will be tougher.
Trending News
1 month, 3 weeks ago

China coped with Trump’s first trade war. A second one will be tougher.

Live Mint  

SINGAPORE—The last thing Xi Jinping needs right now is another showdown with Donald Trump over trade. If the U.S. cuts back on some of the $430 billion in goods it imports from China each year, Chinese companies could try sending them to other countries, a strategy Beijing followed successfully after Trump first hit Chinese goods with tariffs in 2018. Some …

China anxious as Trump victory may intensify trade wars
Trending News
2 months ago

China anxious as Trump victory may intensify trade wars

Firstpost  

China’s ambassador to the US, Xie Feng said that the differences between the two nations should be the driving force for exchanges and mutual learning rather than ‘an excuse for rejection and confrontation’, and that the successes of each were opportunities for the other There are no winners in tariff or trade wars, nor in wars over science and technology …

Foreign trade poised for steady growth amid headwinds
Trending News
2 months ago

Foreign trade poised for steady growth amid headwinds

China Daily  

China's foreign trade will sustain steady growth for the remainder of 2024 and exporters should prepare for potential challenges, including higher tariffs, by enhancing product competitiveness and expanding sales in emerging markets, government officials and market observers said on Thursday. China's foreign trade increased 5.2 percent year-on-year to 36.02 trillion yuan in the January-October period, while its exports rose 6.7 …

China's foreign trade up 5.2% in Jan-Oct period
2 months ago

China's foreign trade up 5.2% in Jan-Oct period

China Daily  

China's foreign trade expanded 5.2 percent year-on-year to 36.02 trillion yuan in the January-October period of 2024, statistics from the General Administration of Customs showed on Thursday. Exports rose 6.7 percent yearly to 20.8 trillion yuan, while imports climbed 3.2 percent year-on-year to 15.22 trillion yuan during this period, customs data showed. The import and export value of China's private …

China records highest export growth in 2 years amid looming Trump’s 60% tariff threat
Trending News
2 months ago

China records highest export growth in 2 years amid looming Trump’s 60% tariff threat

Firstpost  

Exports far surpassed analyst’s estimates of about 5.5 per cent growth and outpaced September’s growth of just 2.4 per cent. China’s exports rose 12.7 per cent in October from a year earlier, the fastest monthly growth in more than two years, according to customs data released Thursday. It showed imports fell 2.3 per cent in October from a year earlier, …

China's foreign trade up 5.2% in Jan-Oct period
Top News
2 months ago

China's foreign trade up 5.2% in Jan-Oct period

China Daily  

China's foreign trade expanded 5.2 percent year-on-year to 36.02 trillion yuan in the January-October period of 2024, statistics from the General Administration of Customs showed on Thursday. Exports rose 6.7 percent yearly to 20.8 trillion yuan, while imports climbed 3.2 percent year-on-year to 15.22 trillion yuan during this period, customs data showed. The import and export value of China's private …

China's foreign trade up 5.2% in Jan-Oct period
Top News
2 months ago

China's foreign trade up 5.2% in Jan-Oct period

China Daily  

China's foreign trade expanded 5.2 percent year-on-year to 36.02 trillion yuan in the January-October period of 2024, statistics from the General Administration of Customs showed on Thursday. Exports rose 6.7 percent yearly to 20.8 trillion yuan, while imports climbed 3.2 percent year-on-year to 15.22 trillion yuan during this period, customs data showed. The import and export value of China's private …

China's foreign trade up 5.2% in Jan-Oct period
Top News
2 months ago

China's foreign trade up 5.2% in Jan-Oct period

China Daily  

China's foreign trade expanded 5.2 percent year-on-year to 36.02 trillion yuan in the January-October period of 2024, statistics from the General Administration of Customs showed on Thursday. Exports rose 6.7 percent yearly to 20.8 trillion yuan, while imports climbed 3.2 percent year-on-year to 15.22 trillion yuan during this period, customs data showed. The import and export value of China's private …

China's foreign trade up 5.2% in Jan-Oct period
2 months ago

China's foreign trade up 5.2% in Jan-Oct period

China Daily  

China's foreign trade up 5.2% in Jan-Oct period By Zhong Nan in Shanghai chinadaily.com.cn Updated: Nov 07, 2024 China's foreign trade expanded 5.2 percent year-on-year to 36.02 trillion yuan in the January-October period of 2024, statistics from the General Administration of Customs showed on Thursday. Exports rose 6.7 percent yearly to 20.8 trillion yuan, while imports climbed 3.2 percent year-on-year …

Navigating the Complexities of Sino-US Relations: A Path to Stability and Prosperity
2 months ago

Navigating the Complexities of Sino-US Relations: A Path to Stability and Prosperity

China Daily  

The article emphasizes the importance of fostering non-confrontational and manageable competition between China and the US to benefit the world. It argues that a less aggressive and consensual approach aligns with their security and interests. The writer highlights the differences in military capabilities and economic interdependence between the two countries, emphasizing the need for dialogue and compromise to address global …

Rebuilding Sino-US trust crucial for world
2 months ago

Rebuilding Sino-US trust crucial for world

China Daily  

In recent years, rising tensions between China and the US have led to bleak predictions of bilateral relations and potentially dangerous global fragmentation. Before 2001, the year China joined the World Trade Organization, 80 percent of the world's countries traded more with the US than with China. Over the past decade, China has invested more than $1 trillion in infrastructure …

China's Foreign Trade Soars to Record High in First Three Quarters
2 months, 3 weeks ago

China's Foreign Trade Soars to Record High in First Three Quarters

China Daily  

China's foreign trade grew significantly in the first three quarters of 2024, with both exports and imports increasing. The country's exports surged 6.2 percent year-on-year to 18.62 trillion yuan, while imports rose 4.1 percent year-on-year to 13.71 trillion yuan. The country's foreign trade hit a record high in the first three quarters with each quarter exceeding 10 trillion yuan.

China's Foreign Trade Soars to Record High in First Three Quarters
2 months, 3 weeks ago

China's Foreign Trade Soars to Record High in First Three Quarters

China Daily  

China's foreign trade grew significantly in the first three quarters of 2024, with both exports and imports increasing. The country's exports reached 18.62 trillion yuan, up 6.2 percent year-on-year, while imports rose to 13.71 trillion yuan, up 4.1 percent. This growth is attributed to China's optimization of its exported products, with exports of high-tech equipment increasing by 40 percent year-on-year …

China's Foreign Trade Soars to Record High in First Three Quarters
2 months, 3 weeks ago

China's Foreign Trade Soars to Record High in First Three Quarters

China Daily  

China's foreign trade grew significantly in the first three quarters of 2024, with both exports and imports increasing. The country's exports surged 6.2 percent year-on-year to 18.62 trillion yuan, while imports rose 4.1 percent year-on-year to 13.71 trillion yuan. The country's foreign trade hit a record high in the first three quarters with each quarter exceeding 10 trillion yuan.

U.S. officials jet to Beijing amid flood of cheap Chinese exports
3 months, 3 weeks ago

U.S. officials jet to Beijing amid flood of cheap Chinese exports

Live Mint  

A group of senior U.S. officials is traveling to Beijing this week for a round of high-level meetings intended to underscore Washington’s concerns over a wave of Chinese goods flooding world markets. “During our trip," he said, “we will further our discussions on China’s macroeconomic imbalances and industrial policies that risk causing significant harm to workers and firms in the …

Country's foreign trade shows strong resilience
3 months, 4 weeks ago

Country's foreign trade shows strong resilience

China Daily  

Container vessels unload cargo at a terminal in Qingdao, Shandong province, in August. China's foreign trade has continued to demonstrate strong resilience, and the nation's enhanced export channels with emerging economies, coupled with ongoing support from its opening-up policies, will drive its economic growth throughout the year despite external challenges, government officials and experts said. According to the General Administration …

China’s August exports grow a robust 8.7%, beating forecasts while imports soften
4 months ago

China’s August exports grow a robust 8.7%, beating forecasts while imports soften

Associated Press  

HONG KONG — China’s exports grew for a fifth consecutive month, in a sign of growing demand abroad even as imports fell amid a slowing Chinese economy. Exports in August expanded by 8.7% to $308.65 billion compared to the same period last year, according to data released by China’s customs office Tuesday, beating economists’ estimates of about 6.5%. “Imports volumes …

China opposes US sanctions on firms over alleged ties to Russia’s war efforts
4 months, 2 weeks ago

China opposes US sanctions on firms over alleged ties to Russia’s war efforts

Associated Press  

BEIJING — China on Sunday expressed its opposition to the latest U.S. sanctions on Chinese companies over their alleged ties to Russia’s war in Ukraine, saying it will adopt necessary measures to safeguard the rights and interests of the country’s businesses. “China urges the U.S. to immediately stop its wrong practices and will take necessary measures to resolutely safeguard the …

China's exports integrating into global supply chains
4 months, 3 weeks ago

China's exports integrating into global supply chains

China Daily  

Lujiazui, the financial center in Shanghai, forms a perfect backdrop to the Bund area. From January to May 2024, China's exports to the US stood at 1.39 trillion yuan, a 3.6 percent increase year-on-year. ASEAN is now the largest trading partner of China, with China's exports reaching 3.71 trillion yuan in 2023, maintaining the high level seen in the previous …

China's exports integrating into global supply chains
4 months, 3 weeks ago

China's exports integrating into global supply chains

China Daily  

Lujiazui, the financial center in Shanghai, forms a perfect backdrop to the Bund area. From January to May 2024, China's exports to the US stood at 1.39 trillion yuan, a 3.6 percent increase year-on-year. ASEAN is now the largest trading partner of China, with China's exports reaching 3.71 trillion yuan in 2023, maintaining the high level seen in the previous …

China's exports integrating into global supply chains
4 months, 3 weeks ago

China's exports integrating into global supply chains

China Daily  

Lujiazui, the financial center in Shanghai, forms a perfect backdrop to the Bund area. From January to May 2024, China's exports to the US stood at 1.39 trillion yuan, a 3.6 percent increase year-on-year. ASEAN is now the largest trading partner of China, with China's exports reaching 3.71 trillion yuan in 2023, maintaining the high level seen in the previous …

Guangdong's imports and exports surge in July
4 months, 4 weeks ago

Guangdong's imports and exports surge in July

China Daily  

An overview of the Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone in Shenzhen, Guangdong province, Aug 23, 2023. South China's Guangdong province achieved a foreign trade volume of more than 800 billion yuan in July, up year-on-year by 15.5 percent, Guangdong Customs statistics revealed on Monday. Through the first seven months of the year, Guangdong achieved an export …

Export sector performance exceeds expectations
5 months ago

Export sector performance exceeds expectations

China Daily  

Photo shows a view of Nansha Port in Guangzhou, South China's Guangdong province. China's export sector saw a better-than-expected performance in the first seven months of the year as overseas demand remained on a steady growth trajectory, fueled by the strong competitiveness of Chinese products across various sectors, officials and analysts said on Wednesday. Zhong Zhengsheng, chief economist at Ping …

China’s exports grow 7% in July, under forecasts, while imports gain momentum
5 months ago

China’s exports grow 7% in July, under forecasts, while imports gain momentum

Associated Press  

BANGKOK — China’s exports rose 7% in July from a year earlier, below economists’ forecasts for growth closer to 10% as trade tensions and weakening growth in the United States and other major markets weighed on demand. Imports climbed 7.2% to $215.9 billion, picking up momentum on stronger trade with other Asian countries that now supply many industrial components, materials …

As Beijing quietly heads into economic oblivion while Washington lights up, expect tougher times ahead
5 months, 2 weeks ago

As Beijing quietly heads into economic oblivion while Washington lights up, expect tougher times ahead

ABC  

As the world looks on entranced at the drama playing out in Washington, an equally significant but far less visible event has been unfolding in our very own time zone. China's trade trap US presidential hopeful Donald Trump points to China's trade surplus as a deliberate attempt by Beijing to take advantage of Americans, to create a common enemy. China's …

Structure more important than growth rate of trade
5 months, 3 weeks ago

Structure more important than growth rate of trade

China Daily  

Containers are unloaded at Qingdao Port in Shandong province in March. The national foreign trade data for the first half of the year, released on Friday, show the total value of China's import and export of goods was 21.17 trillion yuan, an increase of 6.1 percent year-on-year, continuing and consolidating the previous upward trend. In terms of growth rate, the …

Foreign trade hits new high in first half
5 months, 4 weeks ago

Foreign trade hits new high in first half

China Daily  

MSC Irina, the world's largest container vessel, docks at Ningbo Zhoushan Port in Zhejiang province on April 2. JIANG XIAODONG/FOR CHINA DAILY China's total goods exports and imports reached a new high in the first half of the year despite challenges such as escalating trade protectionism and intensifying geopolitical tensions, signaling an encouraging improvement in demand both at home and …

Foreign trade hits new high in first half
5 months, 4 weeks ago

Foreign trade hits new high in first half

China Daily  

MSC Irina, the world's largest container vessel, docks at Ningbo Zhoushan Port in Zhejiang province on April 2. JIANG XIAODONG/FOR CHINA DAILY China's total goods exports and imports reached a new high in the first half of the year despite challenges such as escalating trade protectionism and intensifying geopolitical tensions, signaling an encouraging improvement in demand both at home and …

China’s exports grow 8.6% in June, beating forecasts despite trade tensions
5 months, 4 weeks ago

China’s exports grow 8.6% in June, beating forecasts despite trade tensions

Associated Press  

HONG KONG — China’s exports beat forecasts in June, customs data showed Friday, while imports grew less than expected. Exports grew 8.6% from the same time last year to hit $307.8 billion, according to data released by Chinese customs, beating estimates of about 7.4% to 8% growth. China’s strong exports for June led to its trade surplus widening to $99 …

China sees imports and exports expand yearly
5 months, 4 weeks ago

China sees imports and exports expand yearly

China Daily  

chinadaily.com.cn| Updated :2024-07-12 China's total goods imports and exports expanded 6.1 percent year-on-year in the first half of this year to 21.17 trillion yuan, hitting a recording high, data from the General Administration of Customs showed on Friday. The country's exports rose 6.9 percent year-on-year to 12.13 trillion yuan during the period, while imports climbed 5.2 percent to 9.04 trillion …

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