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Following the results of February, the General Customs Administration of China recorded the maximum from February 2016 decline in exports by 20.7% relative to the same month last year to $135 billion. The figure fell much more than the expected 4.8% decline by experts. The fall in imports in February by 5.2% in annual terms also surpassed its projected decline of 1.4%. This year, the celebration of the New Year according to the lunar calendar fell on the beginning of February, which caused supply disruptions. The protracted process of settling trade disputes between the United States and China also continues to affect performance. Thus, China’s trade balance surplus of $4 billion 120 million was significantly lower than economists' estimates of $26 billion 380 million. The trade surplus with the United States amounted to 14 billion 720 million dollars, down from 27 billion 300 million dollars in the previous month.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
Oil prices rose on Friday as the dollar dropped to a near two-year low, but demand worries amid rising coronavirus cases and the worsening U.S.-China tensions capped gains. Brent crude gained 0.4%, or 15 cents, at $43.46 per barrel. U.S. West ...
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