China's Sept Trade Surplus with US Widens to Record $34.13 Bln
China's Sept Trade Surplus with US Widens to Record $34.13 Bln
Reuters Liau Chung-ren
12 October, 2018, 22:56
Later Friday, Larry Kudlow, Trump's top economic adviser, said in Washington that preparations for the talks were under way.
Chinaposted a larger trade surplus of $31.69 billion for the month.
China's trade surplus with the United States widened to a record $34.1 billion in September as exports to the USA market rose by 13 percent over a year earlier despite a worsening tariff war.
In Bali, Indonesia, where he's attending global finance meetings, Treasury Secretary Steven Mnuchin said, "We are having discussions about a potential meeting".
"We will watch for downside risks to China's exports" in the fourth quarter, Wang said.
Trade turnover between Russian Federation and China has been rapidly growing, rising 30 percent to reach $77 billion from January to September, statistics from China's General Administration of Customs show.
The two countries imposed new tariffs on a massive amount of each other's goods mid-September, with the USA targeting $200 billion in Chinese imports and Beijing firing back at $60 billion worth of United States goods.
Analysts polled by Reuters had forecast shipments from the world's largest exporter would rise 8.9 percent in September from a year earlier, slowing from 9.8 percent in August. China then hit back with tariffs on about $60-billion of US imports.
Chinese refiners are buying more and more very cheap heavy Canadian crude oil to make up for the dwindling supply of Venezuela's heavy grades as China's road construction sector-a key consumer of the heavy oil's bitumen yield-is booming.
Notably, the September surplus with the U.S. was bigger than China's overall trade surplus of $31.69 billion for the month.
Trump said the Chinese want to negotiate but he does not believe they are ready and he told them so.
For January-September, China's trade surplus with the United States was $225.79 billion, compared with about $196.01 billion in the same period a year ago.
They are also promoting settlements in rubles and yuan, bypassing the USA dollar and other Western currencies.
"Exports continued to defy United States tariffs last month but imports struggled in the face of cooling domestic demand", said Julian Evans-Pritchard of Capital Economics in a report.
"China's trade surplus will keep rising because the domestic economy is cooling down", said Andy Xie, a Shanghai-based independent economist.
Many observers expected that would trigger a sell-off in the stock market as investors flooded their cash into Treasurys. It's often said that stock markets, whether good or bad, are unfairly linked to whoever sits in the Oval Office.
Two of those misses came in overtime, and a fed-up coach Mike Zimmer released him the next day and replaced him with Bailey. Cousins credited offensive coordinator John DeFilippo, who was Philadelphia's quarterbacks coach the past two seasons.
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The presence of so many royals - and a number of celebrity guests - has prompted extra security measures to be put in place. Eugenie worked closely with Pilotto and De Vos on the design of the gown, according to a statement from the Royal Family.
She told in a series of tweets that he asked her to strip down to bikini and even asked her to seduce him in 5 mins at his home. She faced repeated harassment and Sajid Khan always passed comments like she wasn't sexy enough or didn't have enough "oomph".
A Panhandle man was killed by a tree that toppled on a home, Gadsden County Sheriff's Office spokesperson Anglie Hightower said. Emergency responders weren't able to get there in time to save her, thanks to the debris clogging the roads.
Guests arriving at the royal wedding in a windy Windsor had to hold on to their hats, with gusts of up to 32 miles per hour . There are still yellow alerts in place for wind and rain for Northern England and large swathes of England and Scotland .
Wuerl had originally resigned on his 75th birthday, November 12, 2015, as is the custom among Catholic bishops. Despite accepting the resignation, Francis also praised Wuerl's "nobility" and said he was "proud" of him.
Relations have not been good between the United States and Turkey, with Brunson becoming caught up in a protracted political feud. Turkey and the USA have faced rocky relations following Washington's imposition of sanctions over Brunson's detention.
Ben Smith, Google's VP of Engineering, disclosed more information about the security issue, and how it was discovered. Google also announced launch of more granular Google account permissions that will show in individual dialog boxes.
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