China’s US surplus jumps as trade with world picks up

China’s trade surplus with the United States expanded last year, raising the possibility of fresh blowback from President Donald Trump who has often bashed Beijing over the issue and fanned fears of a trade war. The increase came despite a tumble in China’s global surplus as domestic demand spurred a rally in imports. The figures on… Please follow and like us:

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China raises yuan rate to 16-month high as dollar sags

China raises yuan rate to 16-month high as dollar sags China raised the exchange rate for the yuan against the US dollar for the 10th consecutive session on Friday, pushing the unit to its highest level in 16 months. The People’s Bank of China (PBOC) set the value of the yuan — also known as the renminbi — at 6.5032 to the dollar, up 0.36 percent… Please follow and like us:

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US Probe Raises More Talk of Trade War With China

President Donald Trump’s recent decision to launch an investigation into concerns about market access in China and the theft of American intellectual property, either through hacking or opaque policies and regulations that force companies to hand over trade secrets, has Beijing warning of a possible trade war. Others, however, say it is about time China got… Please follow and like us:

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China warns US they will both lose out in event of trade war

Beijing/Washington (dpa) – China has warned the US that both sides will lose out in a trade war as US President Donald Trump is expected to order an inquiry into Beijing’s trade practices. “There will be no winner, but only both losers” if it comes to a trade war, Chinese Foreign Ministry spokeswoman Hua Chunying said… Please follow and like us:

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US Trade Act won’t impede China’s progress

US President Donald Trump will sign an executive memorandum on Monday authorizing the US trade representative to determine whether to investigate China’s intellectual property and trade practices, which could pave the way for Trump to use Section 301 of the Trade Act of 1974 to impose tariffs on Chinese goods and eventually trigger a trade war.… Please follow and like us:

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