CNBC: China says its 2018 trade surplus with the US was the highest in more than a decade
* China's trade surplus with the U.S. — closely watched amid a bitter trade dispute between the two countries — grew 17 percent from a year ago to hit $323.32 billion in 2018.
* According to Reuters, that's the highest on record dating back to 2006.
* Exports to the U.S. rose 11.3 percent on-year in 2018, while imports from the U.S. to China rose 0.7 percent over the same period.
Despite U.S. President Donald Trump launching a high-stakes trade war against Beijing last year, China on Monday announced that its 2018 trade surplus with Washington was its largest in more than a decade.
China's surplus with the U.S. grew 17 percent from a year ago to hit $323.32 billion in 2018, according to government data. It was the highest on record dating back to 2006, according to Reuters.
Exports to the U.S. rose 11.3 percent on-year in 2018, while imports from the U.S. to China rose a meager 0.7 percent over the same period.
Read more ....
Update: China logs record trade surplus with US in 2018 (DW)
WNU editor: China may have shown an increase in exports to the U.S. in 2018, but December trade figures show a drop in Chinese exports to the U.S. when compared to last year, a sign that most analysts believe signals a reversal in China's trade balance with the U.S..
* China's trade surplus with the U.S. — closely watched amid a bitter trade dispute between the two countries — grew 17 percent from a year ago to hit $323.32 billion in 2018.
* According to Reuters, that's the highest on record dating back to 2006.
* Exports to the U.S. rose 11.3 percent on-year in 2018, while imports from the U.S. to China rose 0.7 percent over the same period.
Despite U.S. President Donald Trump launching a high-stakes trade war against Beijing last year, China on Monday announced that its 2018 trade surplus with Washington was its largest in more than a decade.
China's surplus with the U.S. grew 17 percent from a year ago to hit $323.32 billion in 2018, according to government data. It was the highest on record dating back to 2006, according to Reuters.
Exports to the U.S. rose 11.3 percent on-year in 2018, while imports from the U.S. to China rose a meager 0.7 percent over the same period.
Read more ....
Update: China logs record trade surplus with US in 2018 (DW)
WNU editor: China may have shown an increase in exports to the U.S. in 2018, but December trade figures show a drop in Chinese exports to the U.S. when compared to last year, a sign that most analysts believe signals a reversal in China's trade balance with the U.S..