Sunday, 25 August, 2019

China Oil Imports Up 30% In December, Gas Imports Hit Record

Containers are seen at the Yangshan Deep Water Port in Shanghai China. Latest China trade data showed exports had fallen while imports had contracted Containers are seen at the Yangshan Deep Water Port in Shanghai China
Russell Knight | 16 January, 2019, 12:57

China's large trade surplus with the United States has always been a sore point with Washington, which has demanded Beijing take steps to sharply reduce it.

"Admittedly, U.S. tariffs may have played a small part in the sharp fall in China's export growth last month", the Capital Economics economists wrote. "A potential downturn in the sector poses the real risk to China's external outlook even if China and the USA reach a resolution on their trade dispute".

Analysts say the trade figures could be used by Washington to pressure China.

Imports increased 15.8 percent past year, resulting in a trade surplus of $351.76 billion, the country's lowest since 2013.

China's politically sensitive trade surplus with the United States surged to a record $323.3 billion in 2018 as a tariff battle with Washington intensified.

Trump wants Beijing to buy more American goods to narrow the yawning trade gap and allow foreign players better access and protection in the Chinese market. China has retaliated with tariffs of its own.

Aerial photo taken on December 31, 2018 shows homemade vehicles at a port in Lianyungang, east China's Jiangsu Province.

Former NFL Head Coach Gary Kubiak Reportedly Lands New Job
Following a 9-7 season the following year, missing the playoffs in the process, Kubiak retired, reportedly due to health reasons. Wherever Kubiak has gone during his National Football League coaching career, Pariani usually tags along as his tight ends coach.

William Barr's Confirmation Hearings For Attorney General
Barr, 68, was nominated by the president to lead the Justice Department in December, after Sessions resigned at Trump's request in November.

Donald Trump's trade war hits Chinese exports
Total trade reached $ 4.62 trillion, a 12.6 percent rise from 2017, according to customs data. Russian Federation is now ranked as China's tenth biggest trade partner.

US President Donald Trump has repeatedly slammed China's trade surplus with the US and the country's allegedly unfair trade practices.

China's global trade volume rose previous year but its surplus with the world fell 16.2 percent to $351.76 billion in 2018, as imports rose 15.8 percent while exports gained 9.9 percent.

Pang noted Chinese imports of more advanced technology for use in manufacturing smartphones and other higher-technology products declined 14.9 percent in December, almost double the size of the contraction in overall trade.

"In anticipation of tariffs, USA firms increased their orders from China to avoid the higher costs of imports", Villanova's Casario said. Less certain are the further results, as Trump is trying to both appeal to the stock market with a deal, and get expanded tariff powers under a new draft law.

As Trump has pressed Beijing to increase imports of USA goods, China's trade surplus with the United States hit a record past year of $323.3 billion, an 11 percent increase over 2017, according to Chinese customs data released Monday.

"The global electronics cycle remains the key driver of Chinese exports". "But growth in exports to the rest of the world also slowed significantly, indicating that softer demand was the main culprit, and that a trade truce with the US would be no guarantee of a strong recovery".

The higher tariffs China levied on USA supplies also hit the country's overall import growth.

Recommended

Ocasio-Cortez Signed As Speaker … At Austin’s Biggest Music And Film Festival Ocasio-Cortez Signed As Speaker … At Austin’s Biggest Music And Film Festival Ocasio-Cortez will be interviewed by The Intercept's Briahna Gray at the festival's "Cities, Governments, and Politics" panel. The a 29-year-old freshman Demorcatic lawmaker from NY self-identifies as an economic socialist.

Saudi teen says she wants to work for freedom for women Saudi teen says she wants to work for freedom for women Mohammed landed in Toronto on Saturday and was greeted by Canada's foreign minister, Chrystia Freeland. Had she stayed in Saudi Arabia , "I wouldn't have been able to marry the person I wanted".

Prime Minister Theresa May's Brexit deal is defeated in parliament Prime Minister Theresa May's Brexit deal is defeated in parliament After Mrs May's Brexit Withdrawal Agreement was voted down by 230 MPs, the conservative leader pledged to listen to the concerns of MPs.

Rihanna is suing her father for allegedly booking fake shows She's now asking the judge to order an injunction against her father using the "Fenty" brand name and also pay up for damages. Rihanna and Ronald were last seen publicly together in November her maternal grandfather's 90th birthday in Barbados.

Broadway legend Carol Channing dead at 97 Broadway legend Carol Channing dead at 97 Still, Channing embraced being identified with Lorelei , as well as Dolly , a role that won her a Tony Award. A fixture on a variety of TV shows, Channing also appeared on The Ed Sullivan Show and Hollywood Squares .

‘Spider-Man: Far From Home’ first trailer released ‘Spider-Man: Far From Home’ first trailer released Luckily for us though, the references in the Far From Home trailer not only make plenty of sense, they're pretty fantastic too . Mysterio whose real name is Quentin Beck always wanted to be an actor, but he failed at it and was laughed out of Hollywood.

Cottoning on: Chinese seed sprouts on moon Cottoning on: Chinese seed sprouts on moon The Chang'e 4 is the first mission to land on and explore the Moon's far side, facing away from Earth. Once the probe landed, the Chinese space agency sent it a signal to begin watering the seeds.

Kim Kardashian confirms fourth baby is on the way - and reveals gender! Kim Kardashian confirms fourth baby is on the way - and reveals gender! The Keeping Up With The Kardashians star said she let the secret out when she got "drunk" at their Christmas Eve party. It is unsafe for Kim to carry another child after she suffered from a placenta accreta after the birth of son, Saint.

Attacking stat shows how much Solskjaer has transformed Man United Attacking stat shows how much Solskjaer has transformed Man United Solskjaer has not revived Pogba merely with an arm around his shoulder. "I am enjoying playing my football now", Pogba said. A fluid, fast, direct front three of Marcus Rashford flanked by Anthony Martial and Jesse Lingard has been a joy to watch.

Sooners quarterback, A's prospect Kyler Murray declares for National Football League draft Sooners quarterback, A's prospect Kyler Murray declares for National Football League  draft Murray threw for 4,361 yards, rushed for 1,001 yards and finished with 54 total touchdowns for the Sooners in 2018. At 5-foot-10 (1.78m), Murray would be the shortest National Football League quarterback since Doug Flutie in 2005.

Concourse at Miami International Airport to reopen Monday despite government shutdown Concourse at Miami International Airport to reopen Monday despite government shutdown ASSOCIATED PRESS One of 30 guns confiscated at Hartsfield Jackson Atlanta International Airport security checkpoints in May is pictured.

Klopp praises 'brilliant' make-shift centre-back, Fabinho Klopp praises 'brilliant' make-shift centre-back, Fabinho Liverpool have been awarded four penalties in their last four league matches, with three coming for fouls on Salah. It did for me and once I got used to it I've not really looked back".

Saudi teen who fled family has left Thailand for Canada Saudi teen who fled family has left Thailand for Canada Several women fleeing abuse by their families have been caught trying to seek asylum overseas in recent years and returned home. Ms al-Qunun said she would be departing for her new home "soon" and has been assigned an apartment in an unknown town or city.

Pompeo to pressure Saudis for answers in Khashoggi murder Pompeo to pressure Saudis for answers in Khashoggi murder Pompeo also said on Sunday that a rift between Qatar and its Gulf neighbours had gone on for too long. "The departure of Mr. Five officials also have been fired, including a senior royal adviser.

Cadillac shows off its nameless-for-now first full electric Cadillac shows off its nameless-for-now first full electric Carlisle said GM is using Tesla's vehicles as a benchmark while the Detroit-based automaker develops its own electric versions. That would be an all-new, fully electric vehicle for Cadillac.