China Dec imports from North Korea down 81.6 pct y/y - China customs

A worker watches as cargo trucks move through a shipping port in Qingdao in eastern China’s Shandong province. – AP

Exports last month rose 10.9 percent year-on-year to US$231.7 billion, down from the previous month's 12.3 percent growth, customs data showed yesterday.

Chinese trade has been unexpectedly strong in the face of forecasts that economic growth will cool as Beijing tightens controls on credit to slow a rise in debt.

The European Union, US and ASEAN remain China's top three trade partners, representing almost 42 percent of the total volume, while trade with Russia, Poland and Kazakhstan saw rapid growth of between 20 and 40 percent due to the new Silk Road scheme.

That left the country with a trade surplus of US$54.69 billion for the month, according to a Reuters calculation based on official data.

It will be hard to keep up double-digit trade growth this year given global uncertainties and a high comparison base, Huang said.

Just how badly could Trump's threatened 45pc tariff hurt China?

Dissidia Final Fantasy NT North America and Europe open beta trailer
Square provided details of Dissidia: Final Fantasy NT's Beta, including session times. 2pm PT/4pm CT/5pm ET on January 15 through 1pm PT/3pm CT/4pm ET on January 18.

Commodities imports were mixed, with copper purchases down 8.2 per cent year-on-year by volume in December while coal and natural gas imports were up. Imports for the full year were 4.69 million tonnes, the lowest since 2013, customs said, after a weak first half.

Strength in Chinese exports "is bound to add to US-China trade tensions", Kuijs said.

The world's second-largest economy had a surplus of $25.55 billion in December, data showed, compared to $27.87 billion in November.

China and many trade-dependent countries have benefited from a year-long global exports boom that many economists expect will extend well into this year.

"However, later this year, we believe real effective exchange rate appreciation and an increase in USA protectionism could weigh on Chinese export growth, narrowing the trade surplus further".

China's excess production capacity has emerged as a major trade irritant for the world's leading economic powers, prompting them to consider new steps to protect domestic industries and jobs from a flood of Chinese imports.

Related News:

  • Patriots WR Hogan cleared for playoff return

    Patriots WR Hogan cleared for playoff return

    Tomlin's Steelers will play at home, along with Belichick's Patriots , but Payton has to take the Saints north to Minnesota's U.S. Defensively, the Patriots are yielding 18.5 points and 366.0 total yards (251.2 in passing and 114.8 in rushing) per game.
    Key winning points from Uhuru's meeting with SA's Jacob Zuma

    Key winning points from Uhuru's meeting with SA's Jacob Zuma

    He would also meet with the Johannesburg business community and the chief executive of Volkswagen South Africa, Thomas Schaefer, who set up an assembling plant in Kenya in 2016.
    KFC Canada Now Accepting Bitcoin As Payment

    KFC Canada Now Accepting Bitcoin As Payment

    With this publicity stunt, KFC now joins a fast-growing list of companies to hop on the cryptocurrency bandwagon. KFC considers other cryptocurrencies as well and mentions it on Twitter.
  • (XOM) Position Lessened by Clear Harbor Asset Management LLC

    Following the transaction, the vice president now owns 187,663 shares in the company, valued at approximately $15,645,464.31. CAPITAL RESEARCH GLOBAL INVESTORS also announced decreased position in Exxon Mobil Corporation ( XOM ) during the quarter.
    Federer faces Bedene first up in Australian Open

    Federer faces Bedene first up in Australian Open

    In the bottom half, Wozniacki will not be unduly anxious by the first week, although Ostapenko could lurk in the quarters. Interestingly, the French rising star has yet to make it past singles round one at Melbourne Park.
    Smartron tPhone P With 5000mAh Battery Launched; Available At Rs 7999

    Smartron tPhone P With 5000mAh Battery Launched; Available At Rs 7999

    The smartphone further comes with dual-SIM support (hybrid SIM slot), 4G VoLTE support, and a rear fingerprint sensor. For the camera enthusiasts, there is a 13MP rear camera with LED flash and 5MP selfie camera on-board the t.phone P.
  • Palestinians Wounded in Clashes With Israeli Army in Gaza, West Bank

    Palestinians Wounded in Clashes With Israeli Army in Gaza, West Bank

    Israeli jurisdiction and ownership of Jerusalem, however, is not recognised by the global community. Witnesses said two dozen people approached the fence, setting a tire on fire and throwing stones.
    C40 Successfully Launches Cartosat-2 Series Satellite

    C40 Successfully Launches Cartosat-2 Series Satellite

    The space agency is also gearing up for launching its second unmanned mission to the moon, Chandrayaan 2, in March. In February 2017, ISRO set a world record for sending 104 satellites on a single rocket .
    Texas man charged with capital murder in death of adopted daughter

    Texas man charged with capital murder in death of adopted daughter

    After two weeks of looking, searchers found Sherin's body less than a mile from the house. The punishment for that ranges from two to 20 years in prison with a fine up to $10,000.
  • Seal blasts Oprah over claims she didn't know about Harvey Weinstein allegations

    The post had quickly gone viral, with people saying his comments were directed at Oprah . Funny I've never heard you mention my name". After accepting the prestigious Cecil B.
    Ronaldo taunts 'backward' Neymar for leaving Barcelona

    Ronaldo taunts 'backward' Neymar for leaving Barcelona

    However, former Barcelona star Ronaldo believes the move was a step down in terms of his footballing development. PSG qualified for the semi finals by defeating Amiens 2-0 while Rennes defeated Toulouse 4-2.

    No reprieve for India in second test in Pretoria

    Either you want to go out there and compete or you don't. "You expect to be battered with pace when you come to South Africa ". India were in the game for 90% of the game, so it was a fantastic contest between two really strong teams.


Most liked

Trump defends immigration stance in tweet
Trump's meek denial came during a series of tweets blasting an immigration deal reached by six bipartisan senators on Thursday . The White House strenuously denied it, and the fact that the story landed on December 23 helped it escape scandal proportions.

Girl Scout Cookie Season underway in Abilene
Police in ME are warning cookie lovers to beware because Girl Scout cookie season is in full swing. One hundred percent of the proceeds from the cookies will stay with Southern Arizona.

Trump cancels Britain trip, blames Obama for London embassy deal
The "strong and deep" partnership between Britain and the USA "will endure" despite Mr Trump's cancellation, a spokesman added. In December, Ambassador Woody Johnson said he was looking forward to welcoming the president when he visited.

USA ambassador resigns, says he can no longer serve under Trump
The State Department confirmed the departure, saying Feeley has chose to "retire for personal reasons, as of 9 March this year". My instructors made clear that if I believed I could not do that, I would be honor bound to resign.

Mondelez International Inc (NASDAQ:MDLZ) Institutional Investor Sentiment Is 0.84
It fall, as 78 investors sold MDLZ shares while 422 reduced holdings. 81 funds opened positions while 339 raised stakes. It has underperformed by 11.01% the S&P500. (MDLZ) by 10.2% based on its latest 2017Q3 regulatory filing with the SEC.

Theresa May under pressure to make big shake-up as cabinet reshuffle continues
She moves from her previous role as the UK Secretary for Digital, Culture, Media and Sport. British Prime Minister Theresa May begins the new year with a reshuffle of her top team .

(VLO) Expected to Earn FY2017 Earnings of $4.96 Per Share
Among 7 analysts covering Superior Plus Corp. (NASDAQ:EA) has "Buy" rating given on Wednesday, November 1 by Piper Jaffray. Stifel Nicolaus maintained Yum! Leerink Swann downgraded the stock to "Mkt Perform" rating in Friday, February 10 report.

Black Panther "Warriors of Wakanda" Featurette
Why wouldn't it? It's the latest from Marvel Studios, a comic-book movie house that even figured out how to make Thor sequels entertaining.

Local immigrants travel to Washington to fight for Dreamers
The so-called Dreamers were protected from deportation under the policy enacted in 2012 during Barack Obama's presidency. Negotiations continue on Thursday on how to handle the Deferred Action for Childhood Arrivals, or DACA program .

Mark Wahlberg Reportedly Blocked 'All The Money' Reshoots Without Million Dollar Paycheck
According to USA Today and two sources familiar with the production, Wahlberg had co-star approval in his contract. Spacey was removed from the production after numerous sexual misconduct allegations against him came to life.

Trump Gives Painfully Transparent Excuse to Avoid London Trip
Supporters of Trump though said his refusal to visit London was a shame and reflected badly on the British public. But Mr Khan said the United States president's visit would have been met with "mass peaceful protests ".

Atlanta Falcons Final Thoughts and Game Predictions
Offensively, the Eagles are averaging 28.6 points and 365.8 total yards (233.6 in passing and 132.2 in rushing) per game. Philadelphia has never lost a divisional playoff game at home, and I think that trend will continue this weekend.

Suspect Arrested In Rihanna's Cousin's Murder
A 23-year-old man has been charged with the fatal shooting of Tavon Kaiseen Alleyne , the cousin of superstar Rihanna . On her birthday, for example, Alleyne posted, "Every day we are happy to have you in our lives".

Trump goes for 1st medical checkup since becoming president
With his physical set for next week, the president decided to make a prediction and give a warning [VIDEO]in the process. Trump likes fast food, too, along with well-done steaks , chocolate cake and double scoops of vanilla ice cream.

Price Target Analysis Bristol-Myers Squibb Company (BMY)
Ingalls Snyder Llc stated it has 195,346 shares or 0.65% of all its holdings. 80 funds opened positions while 247 raised stakes. Finally, Corundum Group Inc. acquired a new stake in Bristol-Myers Squibb during the 3rd quarter worth approximately $298,000.