China’s January exports rebound, imports decline - News Summed Up

China’s January exports rebound, imports decline


Global exports rose 9.1 percent over a year earlier while imports contracted 1.5 percent. (Ben Margot, File/AP)BEIJING — China’s January exports rebounded from a contraction late last year amid trade tensions with Washington, but imports declined. Chinese exports to the United States have been squeezed by President Donald Trump’s tariff hike in a dispute over Beijing’s technology ambitions. Chinese exports to the United States held up through much of 2018 despite Trump’s tariff hikes as exporters rushed to fill orders, then fell in December. Trump is pressing Beijing to roll back plans for state-led creation of Chinese global competitors in robotics and other tech fields.


Source: Washington Post February 14, 2019 05:37 UTC



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