China Trade Surplus With US Jumps 19% In First Quarter

Việt Nam’s exports of phones and spare parts to China skyrocketed by 674.4 per cent year-on-year in the first quarter of this year

Chinese President Xi Jinping on Tuesday said China wants to expand imports and achieve a better worldwide trade balance.

We may have differing perceptions on our borders but India and China coming together to try and bargain for lower oil prices from West Asian crude producers is a welcome step.

"As the world's second largest economy, China played a crucial role in lowering the risks from world economic volatility with its stable growth", the NBS said. The yuan appreciated around 3.7 per cent against the USA dollar in the first quarter this year, on top of a 6.6 per cent gain last year.

So far the large threats wielded by both sides have not been implemented. But the rise in imports was steeper, at almost 19 percent.

Calculated with exchange rates of respective years, China's GDP accounted for 14.8 percent of the world economy in 2016, up from 12.5 percent in 2013.

Its trade surplus with the United States in the first quarter grew more than 19 percent from the same period past year to just over 58 billion dollars.

China will introduce foreign investors to trade in domestic iron ore futures from May 4, according to the country's securities regulator. But the solid global growth outlook may provide some buffer.

Ahead of a visit by president Xi Jinping to speak at the island's Boao Forum, Hainan's chief investors have warned China is losing out on gaming revenue.

Mizuho Securities USA LLC Grows Position in ExxonMobil (XOM)
It is positive, as 37 investors sold WYNN shares while 149 reduced holdings. 123 funds opened positions while 603 raised stakes. The firm owned 243,217 shares of the oil and gas company's stock after buying an additional 73,848 shares during the period.

Mourinho Only Has 'Dry Answers' For Benched Rashford & Martial
Lewis Grabban's first-half header was enough to give the hosts victory at Villa Park as Leeds fell to their 10th defeat of 2018. But Mourinho pointed out that Rashford's 98 games under his stewardship are more than any other player in the United squad.

US, Allies Hit Three Syrian Sites Linked To Chemical Weapons Program
The U.S. president had sharply critical words for both Russian Federation and Iran, which have backed Assad's government. They confirmed that the operation had concluded and said that no further strikes were planned at this time.

Each side has slapped tariffs of $3 billion in goods so far, but the United States has threatened to impose duties on more products and China has vowed to retaliate.

For Jan-March, imports rose a strong 18.9 percent on-year.

Meanwhile, China's trade surplus with the 28-nation European Union, its biggest trading partner, shrank by half from a year ago to $3.6 billion.

China's exports rode a global trade boom past year, expanding at the fastest pace since 2013 and serving as one of the key drivers behind the economy's forecast-beating expansion.

The surplus reached $58 billion in January-March, customs bureau spokesman Huang Songping said at a briefing in Beijing.

US President Donald Trump has approved a possible tariff hike on US$50 billion of Chinese goods in response to complaints that Beijing has been stealing or pressuring foreign companies to hand over technology.

Beijing has long accused Washington of meddling in the South China Sea.

"This year, we will considerably reduce auto import tariffs, and at the same time reduce import tariffs on some other products", Xi said.

Related News:

  • President Trump to Look at Re-Entering Trans-Pacific Partnership

    President Trump to Look at Re-Entering Trans-Pacific Partnership

    But such a program would be time-consuming and costly and would come as the budget deficit continues to increase. Clearly, this move is a response to China , with whom he is engaged in a "cold" trade war.
    Golden Knights must take advantage of short-handed Kings

    Golden Knights must take advantage of short-handed Kings

    He didn't practice Thursday and was listed as day-to-day by Golden Knights head coach Gerard Gallant . It was a physical game, but whether or not it was that physical is another story.
    Rolls-Royce to increase inspections of Trent 1000 engines

    Rolls-Royce to increase inspections of Trent 1000 engines

    An existing EASA Airworthiness Directive for the Package C engine requires inspections of an IPC blade at certain flight cycles. This is a known issue and we will continue to work with Rolls-Royce, our customers and the regulators to fully resolve it.
  • Kansas police investigating death of 7-month-old girl

    Kansas police investigating death of 7-month-old girl

    Anyone with further information about this incident or these individuals is encouraged to call investigators at 519-255-6700 ext. The incident happened at the Joe Slovo informal settlement where a demolition process ran by the municipality was taking place.
    Australia 'fully supports' air strikes against Syria but was not involved

    Australia 'fully supports' air strikes against Syria but was not involved

    The Syria strikes send a "clear message to anyone else who thinks they can use chemical weapons with impunity", May said. Britain and France have joined the United States in the military operation, Trump said.
    Hearings Show Congress Doesn't Understand Facebook Well Enough To Regulate It

    Hearings Show Congress Doesn't Understand Facebook Well Enough To Regulate It

    The fallout from the scandal also precipitated Mark Zuckerberg's appearance before the US Congress this week. Or as Zuckerberg admits, Facebook didn't do enough to guard against downstream consequences.
  • Motorola Moto G6 Play leaked in real life pictures

    Motorola Moto G6 Play leaked in real life pictures

    In terms of optics, the G6 Play could be launched with a single 13-megapixel sensor at the rear and a 5-megapixel selfie sensor. Ahead of its April 19 launch, we now have some live images of the Moto G6 Play that further confirms the new design language.

    Syria forces enter Douma, last holdout in rebel bastion - state media

    The lengthy memo was released after President Donald Trump announced precision strikes against military targets in Syria . Trump said that the reason for the strike is to "establish a strong deterrent" to the use of chemical weapons .
    Commonwealth Games Federation bans two Indian athletes

    Commonwealth Games Federation bans two Indian athletes

    The nation's two other weightlifters and men's basketball team had left Australia and were en route to Cameroon , team officials said.
  • The Overtones singer Tim Matley has died aged 36

    The Overtones singer Tim Matley has died aged 36

    Their debut album "Good Ol" Fashioned Love' stormed up the charts into the top five, going on to sell a cool half million copies. Timmy's exact diagnosis was stage three malignant melanoma , an aggressive and life-threatening form of skin cancer .
    Five Blues up for PFA awards

    Five Blues up for PFA awards

    The winners for both awards, voted for by PFA members, will be announced at a ceremony at London's Grosvenor House on 22 April. He has been instrumental in Fulham's push to reach the Premier League, scoring 14 times in the Sky Bet Championship.
    Siddaramaiah anxious  as BJP wave seeps Karnataka: Shah

    Siddaramaiah anxious as BJP wave seeps Karnataka: Shah

    Siddaramaiah would file his nomination papers from the Chamundeshwari constituency on April 20 and from Badami on April 23. About 59 per cent voters said that they were with the government on the issue while 29 per cent opposed the move.


Most liked

Your Daughters Will Be Rescued Soon, Buhari Assures Parents Of Chibok Girls
The group said this in a statement to mark the fourth year remembrance of the Chibok girls' kidnap which took place in April 2014. It restated its calls for the release of all hostages in Boko Haram custody.

Mama Winnie's family to speak today
Mama Winnie was born in Mbizana in the Eastern Cape on 26 September 1936 and passed away in Johannesburg on Monday‚ 2 April 2018. The stadium is on its way to being packed as ANC and EFF supporters can be seen singing together proudly.

Turkey welcomes strikes on Syria as 'appropriate'
Erdogan said he had a "sleepless night" as he monitored all the developments. "Whoever the perpetrators they should pay a price". Turkish Deputy Prime Minister Bekir Bozdag said the strikes had not been launched via Turkey's southern Incirlik air base.

Sega Ages Bringing Classics To Switch Beginning In Summer 2018
The fourth announcement is a brand new Sakura Taisen project that will be faithful to the DNA of the storied series. Three of the games confirmed were Sonic the Hedgehog, Thunder Force IV and Phantasy Star .

Manchester City 'to consider groundsharing with Manchester United'
The Sun are reporting that City would consider opening the doors to their home ground to United if an approach was made by their rivals.

Mom was drunk at time SUV carrying family went over cliff
A specialized team of accident investigators is trying to figure that out with help from the FBI, Carpenter said. However, the California Highway Patrol has not concluded why the vehicle went off an ocean overlook.

Manchester City vs. Tottenham live stream info, TV channel
City have lost back-to-back league games just once before under Pep Guardiola - against Chelsea and Leicester in December 2016. I think that is what makes a good player, doing it year in, year out if you can catch records that's unbelievable .

Capitals drop series opener to Blue Jackets
He scored Tampa Bay's first goal and then recorded the primary assist on tallies by Tyler Johnson and rookie Yanni Gourde. Grubauer is 0-1-1 in three games with a 2.48 GAA and.915 save percentage against the Blue Jackets.

Russian Federation asks United States to solve problems at 'negotiating table'
Reuters quoted a USA official as saying the strikes were aimed at multiple targets and involved Tomahawk missiles. He spoke with his British and French counterparts Thursday evening regarding a possible military response.

CWG 2018: Wrestlers Vinesh Phogat, Sumit clinch Gold, Sakshi Malik gets Bronze
Although, Olympic bronze medalist Sakshi Malik faced a defeat against Aminat Adeniyi of Nigeria 3-6 in 62kg freestyle wrestling. Vinesh won Gold in Women's Freestyle 50kg Nordic category while Sumit bagged the top spot in the Men's 125kg Nordic.

British cabinet agrees 'need for action' in Syria
Conservative former London mayoral candidate Zac Goldsmith tweeted: "We need a clear response to the Syrian chemical outrage". The Downing Street statement did not mention parliament, and a spokeswoman did not comment on those reports.

'So ordered': Court grants Trump request to intervene in Michael Cohen case
Avenatti said he thinks that some of the documents obtained from the Cohen search relate to his client. A full hearing is set for Monday on Cohen's petition.

Russian Federation says Syria chemical attack 'staged' with help of foreign secret service
Russia's ambassador to the United Nations, Vassily Nebenzia, told reporters "The situation (in Syria ) is very unsafe ". The attacks were described by the Pentagon as precise and aimed exclusively at the regime's chemical weapons facilities.

Teachers Not Done Now That Walkout Is Over
Oklahoma teachers said additional spending was needed to improve deteriorating school facilities and outdated school supplies. With almost 40,000 members, the Oklahoma Education Association represents many, but not all of the state's teachers.

Sridevi Wins Best Actress National Award Posthumously for 'Mom'
Riddhi Sen and Sridevi got the award for the Best Actor (movie- Nagarkirtan) and Best Actress award (movie- Mom ) respectively. The film shows the travails of Kerala nurses who were caught in "war affected" West Asia and how they were repatriated.