China’s trade surplus with U.S. soars in first-quarter


mentalfloss
#1


China’s trade surplus with U.S. soars in first-quarter

China’s trade surplus with the United States surged nearly 20 per cent in the first quarter, with some analysts speculating exporters were rushing out shipments to get ahead of threatened tariffs that are spurring fears of a full-blown trade war.

The latest readings on the health of China’s trade sector are unlikely to ease tensions following weeks of tit-for-tat tariff threats by Washington and Beijing, though they suggest China’s economy is still in relatively solid shape.

Even as China’s trade surplus narrowed overall in the first three months of the year, its surplus with the U.S. surged 19.4 per cent to $58.25-billion (£40.8-billion) from a year earlier, customs data showed on Friday.

https://www.theglobeandmail.com/busi...first-quarter/
 
Danbones
Free Thinker
+3
#2  Top Rated Post
Quote:

China’s overall exports and imports both grew at a strong double-digit clip early in the year, and while exports unexpectedly fell in March -- resulting in a rare trade deficit -- most analysts chalked it up to seasonal factors and said it was too early to call a trend.

China’s first-quarter exports to the U.S. rose 14.8 per cent from a year earlier, despite a 5.6 per cent drop in March. Its imports from the U.S. rose 8.9 per cent in the quarter and 3.2 per cent in March.


..and that's assuming it's even important enough to call it news, let alone a trend.


I can't believe you work in finance man.
 
mentalfloss
#3
 
taxslave
Free Thinker
+3
#4
Quote: Originally Posted by Danbones View Post


..and that's assuming it's even important enough to call it news, let alone a trend.


I can't believe you work in finance man.

Much like the stock market that just keeps crashing upwards.
 
Hoid
#5
maga
 
mentalfloss
#6
The market has its bounce backs, but it's generally in worse shape.

Just like the debt.

And GDP growth.

And Americans' overall health.


But who needs facts?
Last edited by mentalfloss; Apr 13th, 2018 at 11:52 AM..
 
petros
+1
#7
Quote: Originally Posted by mentalfloss View Post

But who needs facts?

You don't.
 
mentalfloss
#8
Yet I have them.
 
petros
+1
#9
Where? Why hide them?
 
mentalfloss
#10
China plans to build Hainan into pilot free trade zone - Xinhua | English.news.cn
 
Bar Sinister
No Party Affiliation
#11
Quote: Originally Posted by mentalfloss View Post

China plans to build Hainan into pilot free trade zone - Xinhua | English.news.cn

Ha! You're actually assuming Petros is going to check that link. You know that he thrives best in complete ignorance.
 
OpposingDigit
+1
#12
Trump is demanding access to the financial sector in China and that just will not happen. Never. China will never allow the U.S. that much influence within their country. The Bank of China is a State Bank.

Because of all the sanctions against Russian oil companies, Putin is pushing a law through the legislature this week that will have it turn over all it's oil sector financial dealings to their own SWIFT System. (Mir payment system set up in March 2017) No doubt China and Iran will will climb on board that train too.

Trump is demanding access to the technology sector and China just nationalized that sector. And ..... No country wants Western Technology after Snowden detailed all the back doors from equipment manufacturers and software developers.

Those of us who remember when the West was mocking the car named the "Lada" ..... Well, the Chinese are turning their noses up to almost anything manufactured in America. With America patrolling the South China Sea and threatening China, it is almost unpatriotic for a Chinese consumer to buy anything made in America. The U.S. is losing the largest population of consumers in the universe.
Last edited by OpposingDigit; Apr 15th, 2018 at 11:34 PM..
 
Danbones
Free Thinker
#13
Free trade in china?
( I guess after disarming and killing a hundred million people NOTHING IS EVER FREE)

Gee, whatever happened to Hong Kong?

Quote: Originally Posted by Bar Sinister View Post

Ha! You're actually assuming Petros is going to check that link. You know that he thrives best in complete ignorance.

WOW:from that link
the whole island into a pilot free trade zone

A whole island? Holy Freakin Cow!!! What...like Britain...or Sable?

Hainan is the smallest and southernmost province of China, consisting of various islands in the South China Sea.
http://www.hi.gov.cn/

That was such a LARGE piece of leftii BS as ever there.
Haha...talk about complete ignorance.

For you folks that now doodly about geography, POLITICS, or finance:

Last edited by Danbones; Apr 16th, 2018 at 12:31 AM..