Sunday , January 29 2023

China's exports are on the rise, US tariff lam, business news & top news


Last month, the export of goods exported to China and other parts of the world was shocking. Businesses are ahead of high tariffs.

The relationship between the world's two best economies is stricter this year. US President Donald Trump and half of Chinese imports taxed

Washington is meeting with the Chinese President Xi Jinping at the G-20 summit in Argentina, and after the discussion, Washington is in Washington.

China's exports were at 13.2 per cent in the same month last year. According to data released by the customs authorities in China.

It is part of an advance proportion of the best growth performance in October. It's not a long-term trend, "said Chinese economist Betty Wang.

China's trade in China last month was $ 31.8 billion ($ 43.6 billion). It was worth $ 34.1 billion in September.

200 billion US dollars The first month of tariffs was recorded in October. But the Levy rate has risen from 10 per cent to 25 per cent.

The tram has not always lost a trade war with China, but the collapse of Beijing's bailouts of American goods still broadens.

China's imports from the US fell by 1.8 per cent last year. At the same time, surplus with the US increased to $ 258 billion in the first 10 months of last year.

Yuan's weak Chinese yuan, which dropped 9 percent against the US dollar at the highest level in January helped to overcome the tariff expense.

Analysts do not think the upcoming meeting between the two heads resolved the ante problem.

ING PAN Bloomberg News reported ING Bank's decision not to support G-20 and Trump during G-20.

We believe this meeting is not causing further harm to the trade relations. "

The total trade in China – the $ 34 billion profit for the month – which it buys and sells with all countries, including the US.

Exports grew by 15.6 per cent in October. India's economic growth for July was 11.7 per cent. Imports too grew by 21.4 per cent.

"Mr Louis Kewis of Oxford Economics said that the shipments to the US were even better when the rest of the world grew faster.

Global demand is even better than fear, and Yanda's Chinese yen export is helping.

While the GDP growth in the third quarter was 6.5 percent, China's economy grew steadily at the slowest rate in nine years.

If you withdraw from the Beijing campaign, you should borrow heavily to large-scale growth.

"The import of roast imports, especially a commodity for rebuilding goods and commodities, can reset the property market," said ANZ's van.

Observers predict that the US-China collapse will continue to grow in the coming months.


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