BEIJING: China’s exports rose for the first time in five months in December and by more than expected, signalling a modest recovery in demand as Beijing and Washington agreed to defuse their prolonged trade war.
Imports also beat expectations, jumping 16.3% from a year earlier, though boosted in part by higher commodity prices.While comparisons with a weak December last year flattered both figures, they also pointed to improving demand, both globally and within China, analysts said. The US Treasury Department said on Monday China should no longer be designated a currency manipulator – a label it applied as the yuan currency dropped in August.
Overall sentiment improved last month after the two sides reached the Phase 1 deal, which is expected to cut tariffs and boost Chinese purchases of US farm, energy and manufactured goods while addressing some disputes over intellectual property. Moreover, global demand is expected to remain soft this year, offering Chinese exporters only modest relief.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Key points in the US-China ‘phase one’ deal | Malay MailWASHINGTON, Jan 12 — After nearly two years of bare-knuckle battling, US President Donald Trump is set to sign a “phase one” trade deal with China on Wednesday. Below are major elements of the deal announced December 13. Areas covered US and Chinese officials said the agreement includes...
Source: malaymail - 🏆 1. / 86 Read more »
Firms in China remain wary despite US trade deal | Malay MailBEIJING, Jan 12 — Washington and Beijing may be ready to sign a preliminary trade agreement, but companies in China are not taking any chances, forging ahead with contingency plans in case the tariff war resumes. As Chinese Vice Premier Liu He travels to Washington from tomorrow to Wednesday to...
Source: malaymail - 🏆 1. / 86 Read more »
China urges countries to abide by one-China principle after Taiwan electionBEIJING, Jan. 12 (Xinhua) -- China opposes any forms of official ties between Taiwan and countries that have diplomatic relations with China, a Foreign Ministry spokesperson said Sunday, urging countries to abide by the one-China principle.
Source: staronline - 🏆 4. / 75 Read more »
China disposes of US$289b of bad loans in 2019SHANGHAI: China disposed of around 2 trillion yuan (US$289.11 billion) in non-performing loans over the whole of last year amid a national campaign to restrict high-risk lending, the country's banking regulator said during a weekend meeting. And they don't even feel a pinch. Malaysia will be bankrupted 10x over.
Source: staronline - 🏆 4. / 75 Read more »
China slams US for congratulating Tsai on Taiwan poll win | Malay MailBEIJING, Jan 13 — China yesterday slammed officials from the US and other countries for congratulating Taiwan President Tsai Ing-wen after she was re-elected with a landslide victory in a stunning rebuke of Beijing's campaign to isolate the self-ruled island. Tsai, who had pitched herself as a...
Source: malaymail - 🏆 1. / 86 Read more »
China slams US for congratulating Tsai | The Malaysian InsightBeijing denounces Taiwan's actions as violating one-China principle. “Slam” means what? FM Geng Shuang doing his weekly barking?
Source: msianinsight - 🏆 8. / 63 Read more »