Russian-Chinese trade up 20.8% in 2017, to $84.07 bln

China's US surplus jumps as trade with world picks

Chinese exports to Russian Federation grew by 14.8%, to $42.88 billion.

The sharp December imports slowdown, however, is raising concerns that the world's second-biggest economy faces domestic-demand pressure as authorities turn off cheap credit and restrict speculative financing.

Yuan-denominated imports rose 18.7 percent past year, which produced a trade surplus of 2.87 trillion yuan.

Imports grew at an even slower pace of 4.5 percent year-on-year last month, the weakest since they rose 3.1 percent in December 2016, and way below forecasts of 13.0 percent growth.

China's exports rose 10.8% in yuan terms in 2017 thanks to a boom in global trade, Bloomberg reported.

China's trade surplus soared to the highest level in almost two years in December, fueled by strength in exports and a surprise deceleration in imports.

The government is planning to announce GDP data for 2017 next week.

Death toll from California mudslide rises to 17
Winfrey shared harrowing footage of her backyard following the mudslides' roll through her neighborhood and on Tuesday. The death toll from the powerful debris flows that hit the Southern California community of Montecito has risen to 15.

Iron ore imports for the year hit a record high of 1.075 billion tonnes.

In regard to North Korea, China said exports and imports to and from North Korea fell by 23.4% and 81.6% respectively in the year to December.

Trade surplus with the United States soared 13 percent year on year to 1.87 trillion yuan (about 288 billion US dollars), according to Huang Songping, spokesperson of the General Administration of Customs.

On the monetary policy front, most analysts expect subdued inflation expectations to keep the People's Bank of China from tightening too hard.

"The next stage is an open economy that focuses on a balance of trade", he said.

China's 2017 surplus with the United States was $275.81 billion, topping the previous record in 2015 of $260.8 billion. Russian Federation imported Chinese goods worth $4.06 billion and exported goods worth $4.07 billion to China in the reported period.

U.S. President Donald Trump has repeatedly signaled tougher action on what he calls unfair practices that have lead to a massive trade deficit with China.

Related News:

  • Fox Pushes 'New Mutants' & 'Gambit' Back; 'Deadpool 2' Moves Up

    Fox Pushes 'New Mutants' & 'Gambit' Back; 'Deadpool 2' Moves Up

    New Mutants' original release date of April 13 has reportedly been blasted back almost a year to February 22, 2019. You can decide whether or not you think that one's ever gonna happen; New Mutants and Deadpool 2 are sure things.
    ISRO launches its 100th satellite from Sriharikota

    ISRO launches its 100th satellite from Sriharikota

    Today's is the third satellite in the series, after Cartosat-2A and 2B. It weighs 710 kg and is used for earth observation. It has 31 co-passengers, including the Cartosat-2.
    Google Pay rollout begins with latest Play Services beta

    Google Pay rollout begins with latest Play Services beta

    Google, in the blog post , also hinted that it "will also be bringing these experiences to Tez users in India". Android Pay has yet to be updated with the new branding, while Google Wallet is still available.
  • Ritz Paris robbery: Armed robbers dropped bag of jewels

    Ritz Paris robbery: Armed robbers dropped bag of jewels

    One of the two accomplices fled by auto , while the other made a getaway on a motorbike, dropping a bag of jewels in the process. France has found itself repeatedly in the headlines for high-profile robberies, particularly in Paris and on the Cote d'Azur.
    Future human outposts could be sustained by Mars' ice caps

    Future human outposts could be sustained by Mars' ice caps

    The frozen water, now exposed to the elements, likely retreats a few millimetres each summer, but it doesn't completely disappear. And because the features contain streaks and variations in colour, the frozen water is likely made up stacks, or layers, of ice.
    Mazda's $1.6 billion Alabama plant leaves room to expand

    Mazda's $1.6 billion Alabama plant leaves room to expand

    US sales of small cars fell almost 10 percent past year as buyers continued a massive shift toward SUVs and pickup trucks. In 2017, the company announced a $10 billion investment in the United States over the next five years.
  • Le'Veon Bell threatens Steelers right before his playoffs start

    Le'Veon Bell threatens Steelers right before his playoffs start

    The Steelers star running back made it clear he doesn't have intentions of doing the same in 2018. The years are irrelevant, Bell said. "I want to be here, finish my career here", Bell said.
    Tunisia unrest: 200 arrested and dozens hurt

    Tunisia unrest: 200 arrested and dozens hurt

    Mhamdi told Al Jazeera in a telephone interview on Tuesday that many Tunisian youth have lost faith in political parties. The new financial year has also brought with it price hikes on some goods and increased taxes on imports.
    Queen's bra-fitter Rigby & Peller has Royal contract cancelled

    Queen's bra-fitter Rigby & Peller has Royal contract cancelled

    It was totally unintentional. "I probably should have submitted it to them but I didn't think anything would be required". Mrs Kenton said there was "nothing" in the book to "be upset about", adding that it was an "unbelievable" decision.
  • Shocking footage shows hospital tossing woman out into the cold

    Shocking footage shows hospital tossing woman out into the cold

    He then called an ambulance who took her back to the hospital she had just been kicked out of, he said. "You must do better". Baraka questions the guards leaving her at the bus stop and is told the woman was "medically cleared". "You can do better".
    North American Bitcoin Conference: Cryptocurrency Event Stops Accepting Bitcoin

    North American Bitcoin Conference: Cryptocurrency Event Stops Accepting Bitcoin

    There are countless other cryptocurrencies nowadays, although bitcoin will always be seen as the industry leader. Today, according to the CoinMarketCap , Ripple has 38,739,142,811 virtual coins in supply for $1.85 per token .
    Malaysia To Resume Search For Flight MH 370

    Malaysia To Resume Search For Flight MH 370

    The company, said the search is estimated to last 90 days and it will receive payment only if the aircraft wreckage is found. Last week, Ocean Infinity said it had moved the vessel closer to a possible search area.


Most liked

National Basketball Association wrap: LeBron James rips own team as Raptors thrashes Cavs
The Raptors , who had seven players in double-figures, jumped out to a 65-40 half-time lead and never looked back. Beating them once is one thing, but beating them four times in seven games or less is another.

Olivia Munn's Sizzling Critics' Choice Dress Is Even Better from the Back
Presenter Walter Goggins was pressed into service accepting James Franco's trophy at the Critics' Choice Awards . Competing in the comedy category are: "black-ish", " The Big Bang Theory ", " GLOW ", " The Marvelous Mrs.

Trump's Britain Visit Canceled
In November, Ms May directly criticised Mr Trump's decision to retweet material from the far-right extremist group, Britain First. Trump had been scheduled to attend a ribbon-cutting ceremony for the new U.S.

Barcelona v Celta Vigo Betting Preview
Barcelona holds the slight edge heading into the second leg by virtue of its away goal in the opening leg. Moreno set up Baptistao in the 14th minute, before scoring his goal in the 34th.

Uber Used Another Secret Software Program to Evade Police
In the report, people with knowledge of Uber's operations say that the system, called Ripley, was a "closely guarded secret". Uber said the system - named Ripley, after the flame throwing hero in the Alien movies - was there to protect customer data.

U.S. deploys B-2 stealth bombers to Guam
North Korea agreed to send a delegation to the Winter Olympics, but still said they would not discuss denuclearization. The state-of-the-art warplanes join a number of B-1 conventional bombers already deployed on the Pacific island.

Sanchez committed when he plays for Arsenal - Wenger
And a furious Wright claimed that these decisions send the wrong message to players and only serves to make the club a "joke". "It was frustrating but the position was quite interesting because I was close to the bench and not too far high up".

Trump expected to extend waiver on Iran sanctions
Mr Mnuchin said during a news conference at the White House: "We continue to look at [the sanctions]". It therefore is more accurate to call these people "FAKE Iran deal opponents".

US 'Not Involved' With Drone Attacks on Russian Bases in Syria - Pentagon
Explosives attached to drones used in an attack on Russian military bases in Syria. "As for these attacks, they were undoubtedly well prepared ".

Typical flu season so far: Saskatchewan health officials
Cases of the flu were close to epidemic levels at the end of 2017, according to the Centers for Disease Control and Prevention . The week ending December 30, 2017, saw 142 confirmed flu cases, an increase of 48 percent over the previous week.

Tonya Harding's Mom Disputes Knife Throwing Incident Depicted in 'I, Tonya'
Tonya ended up fulfilling the depressing prophecy laid out by her biggest skeptics, but damn it, she found fame through infamy. The incident, which became known as "the whack" heard around the world, left Kerrigan's hopes of qualifying for the U.S.

Rumble main events locked in as AJ Styles fumes at Daniel Bryan
The US Championship tournament also continued on Smackdown as Xavier Woods bested Aiden English to advance to the next round. Championship Tournament match next week, Rawley promised he would beat Ryder and send him into the past, where he belonged.

Oil approaches 2015 highs on fewer U.S. rigs, OPEC
The higher US prices are driven by continued declines in the amount of crude oil in the nation's commercial stockpiles. That means that as fast as the price of Brent is rising, WTI prices are rising even more quickly.

James Spann: Winter weather advisory for far north Alabama
For the Harrisburg area, the snow to the north and west shouldn't make its way here, said Craig Evanego, NWS meteorologist. A strong cold front will track through southeast MI after midnight, sending temperatures below freezing by 7 a.m.

Skype teams up with Signal to offer encrypted chats
That said, it's early days and the feature could get better as users start sending in their feedback. Microsoft has today announced availability of this feature that will make using Skype more secure.