Saturday, 23 March, 2019


China hopeful on US trade talks

Copper price: Chinese concentrate imports hit monthly record Chinese Exports Decline 21 Percent in February
Conrad Doyle | 11 March, 2019, 10:27

Both exports and imports should pick up somewhat later this year, said Wang Tao, chief China economist at UBS Group AG in Hong Kong.

If the sharp plunge in China's exports in February shows anything, it's that a gap is opening between what the country is shipping out and its still resilient imports of major commodities.

On Wednesday, the 6th of March 2019, the US Commerce Department had said that there had been a 12.4 percent jump in the deficit in last December, which had potentially contributed to a record $891.3 billion trade deficit over the last month of the final quarter in 2018.

However, analysts caution it is hard to compare trends in China's data at the start of the year due to the Chinese New Year holiday, which came in early February this year and can affect business activity.

However, deducting the Spring Festival factor, China's foreign trade rose 3.9 percent year on year in February, with exports increasing 1.5 percent and imports rising 6.5 percent, respectively, in USA dollar-denominated terms.

Yeung estimated that China's exports for the first two months fell 4.7 percent, and imports were down 3.1 percent.

The decline in exports to the USA market represented a worsening of last December's 3.5 per cent contraction.

China-US trade in goods
China-US trade in goods

During the first two months, China's foreign trade amounted to 622.72 billion US dollars, down 3.9 percent year on year.

The economic superpowers have been locked in a trade battle since last summer, striking out with steep tariffs on more than $360 billion in two-way trade, which is beginning to sap economic growth and business confidence.

Amidst reports of negotiations for a deal with china hitting a bump, President Donald Trump has said that he will enter into a trade deal with Beijing only if he is confident that it is good for the US.

The White House is planning a summit between Trump and Chinese leader Xi Jinping in Florida later this year.

Earlier on Friday, White House trade adviser Clete Willems the two countries had made progress in talks but that there was still much more left to be done. Experts attribute the bounce back to companies rushing orders before the Lunar New Year holiday in China.

The US and China have placed tariffs on billions of dollars worth of one another's goods since July, casting a shadow over the global economy.

On a month-on-month basis, Taiwan's exports fell 25.3 percent and imports were down 41.4 percent in February, the MOF data shows. For the Chinese, any summit would basically be a signing ceremony, it said.

Recommended

loading...
...

Tesla gets $520 mn funding for first Chinese plant Tesla gets $520 mn funding for first Chinese plant Musk previously said the Shanghai factory will produce Model 3 sedans and its upcoming Model Y SUV for the Chinese market.

'Just one more push' to get Brexit, Britain's May urges EU 'Just one more push' to get Brexit, Britain's May urges EU The DUP was equally unimpressed, with Nigel Dodds, its deputy leader, calling the proposal "neither realistic nor sensible". Mr Kyle said: "Clearly the Brexit Secretary is fully engaged in the battle to deliver support for the vote on Tuesday".

February unemployment report to be released Friday February unemployment report to be released Friday The employment-population ratio, at 60.7%, was unchanged over the month but was up by 0.3 percentage point over the year. The state's private sector job count is based on a payroll survey of 18,000 NY employers conducted by the U.S.

Apple AR glasses might launch in 2020 as an iPhone accessory Apple AR glasses might launch in 2020 as an iPhone accessory The only materialized aspect of any upcoming Apple's augmented reality is the inclusion of ARKit apps on the iPhone and iPad. It also discussed a completely new platform that would run on the headset called rOS (reality operating system).

Lok Sabha elections 2019: No assembly elections in J-K for now Lok Sabha elections 2019: No assembly elections in J-K for now In 2014 Lok Sabha polls , the BJP had won a landslide majority to form its government at the Centre after a gap of 10 years. The counting of votes for all the phases will be held on May 23, the country's top election official told reporters.

Finland's government resigns over failed health care reform Finland's government resigns over failed health care reform He said there was no other way out of the situation hence chose to take responsibility. He added that resigning had been "his personal decision".

Birmingham vs Aston Villa: Fan bloodied as supporters clash Birmingham vs Aston Villa: Fan bloodied as supporters clash However, whatever the result ends up being we have already seen the talking point for this game and it has marred the whole derby. In the opening few minutes of the Second City derby, with the scores level at 0-0, Jack Grealish has been assaulted on the pitch.

Nintendo next Labo kit is all about virtual reality Nintendo next Labo kit is all about virtual reality If you thought Nintendo was done pairing its cardboard Labo accessories with its hybrid Switch console , you're in for a surprise. Strictly speaking there is just one dedicated VR kit, the Toy-Con 04 VR Kit, but it will be available in two configurations.

Akash Ambani and Shloka Mehta get married in a star-studded event Akash Ambani and Shloka Mehta get married in a star-studded event Akash and Shloka's wedding ceremony will kickstart around 7.30pm followed by a dinner at the Jio World Centre in Mumbai . Mukesh Ambani, his wife Nita and the bridegroom wore various shades of pink.

Samsung Galaxy S10 pre-orders surpass total Galaxy S9 sales in January Samsung Galaxy S10 pre-orders surpass total Galaxy S9 sales in January Meaning, if you ever paid for premium access in the past, or availed free premium trial, you won't be eligible for the offer. Spotify enhances the Bixby Home screen by providing Spotify content and recommendations tailored for each listener.

Celebrate International Women’s Day With The Most Beautiful International Models Celebrate International Women’s Day With The Most Beautiful International Models This is the kind of evidence we need to support agitation for change, and we need to be able to collect, analyze, and share data. Only six economies in the world offer equal rights for both men and women in work-related matters, according to the World Bank.

Christopher Watts admits to murders of daughters in CBI interview Christopher Watts admits to murders of daughters in CBI interview When the possibility that Shanann Watts might have killed the girls was mentioned, he said, he "just went with it". Christopher Watts said Bella saw him drag her mother's body down the stairs, which also woke up Celeste.

Liverpool title win will not erase memories of slip, says Steven Gerrard Liverpool title win will not erase memories of slip, says Steven Gerrard For Burnley , Steven Defour underwent surgery on his calf injury, and won't be available for selection. James Milner has a muscle injury and is doubtful for the game on Sunday.

Jennifer Lopez and Alex Rodriguez are engaged Jennifer Lopez and Alex Rodriguez are engaged J-Lo and A-Rod posted the big news on their respective Instagram accounts, boasting an impressive diamond engagement ring. Lopez's nails were painted white and it looks as though there is a romantic bonfire going in the background.

Aamir Khan, Kiran Rao, Manish Malhotra clicked at Akash Ambani’s wedding Aamir Khan, Kiran Rao, Manish Malhotra clicked at Akash Ambani’s wedding AWESOME NEWS! Now you can download BollywoodShaadis app and never miss a story. The wedding will wrap up with "Mangal Ashirwaad"- the reception ceremony.