Space Travel News  
TRADE WARS
China exports fall in November, imports recover
By Ludovic EHRET
Beijing (AFP) Dec 8, 2019

China's exports declined for the fourth consecutive month in November as a trade war with Washington rumbles on, official data showed Sunday, although imports rebounded.

Exports were down by 1.1 percent in the last month of the year, after a drop of 0.9 percent in October on slowing global demand.

The figures were worse than a Bloomberg forecast which expected an increase of 0.8 percent.

Imports were up 0.3 percent from the year earlier, after falling for the previous six months. Analysts polled by Bloomberg had predicted a drop of 1.4 percent.

China's trade surplus with the United States, a key point of anger in the White House, fell to $24.61 billion from $26.42 billion the month before.

The figures were published as the world's top two economies search for an end to the trade war launched last year by US president Donald Trump that has roiled world markets and investor confidence.

Negotiations appeared to take a hit after the US passed legislation in support of Hong Kong pro-democracy protests and a bill seeking sanctions against senior Chinese officials over the crackdown on mainly Muslim Uighurs in Xinjiang.

Beijing later warned that a "price must be paid" for the move.

Speaking to reporters this week President Donald Trump dodged questions on whether a new round of tariffs on about $160 billion in Chinese goods -- likely to include sportswear and mobile phones -- would take effect as scheduled on December 15.

"The deal is still close," National Economic Council Director Larry Kudlow told CNBC Friday. "It is probably even a wee bit closer than when I first made that statement in November."

"If a Phase one trade deal is struck and there is no further escalation of US-China trade tensions, the drag on China's exports from higher US tariffs will likely ease through 2020," Sylvia Sheng, global multi-asset strategist at J.P. Morgan Asset Management in Hong Kong wrote in a recent note.


Related Links
Global Trade News


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


TRADE WARS
Trump warns China trade deal could take years
London (AFP) Dec 3, 2019
US President Donald Trump warned Tuesday that efforts to resolve a trade dispute could wait until after next November's US election. "I have no deadline," Trump told reporters in London. "In some ways I like the idea of waiting until after the election for the China deal." Trump's trade war with China and on-again off-again attempts to reach a deal have de-stabilised markets and stoked geo-political tensions. As late as last week Trump boasted the he was in the "final throes" of negotiating ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
TRADE WARS
Solving fossil mystery could aid quest for ancient life on Mars

Global storms on Mars launch dust towers into the sky

Glaciers as landscape sculptors - the mesas of Deuteronilus Mensae

NASA updates Mars 2020 Mission Environmental Review

TRADE WARS
India's Vikram lunar lander found in LRO images

NASA finds Indian Moon lander with help of amateur space enthusiast

NASA Shares Mid-Sized Robotic Lunar Lander Concept with Industry

China's Chang'e-4 probe resumes work for 12th lunar day

TRADE WARS
Reports of Jupiter's Great Red Spot demise greatly exaggerated

Aquatic rover goes for a drive under the ice

NASA scientists confirm water vapor on Europa

NASA finds Neptune moons locked in 'Dance of Avoidance'

TRADE WARS
Astronomers propose a novel method of finding atmospheres on rocky worlds

Scientists sequence genome of devil worm, deepest-living animal

Life under extreme conditions at hot springs in the ocean

Scientists find a place on Earth where there is no life

TRADE WARS
SpaceX Dragon heads to ISS with science payload and general cargo

Land acquisition underway for 2nd rocket port in Tuticorin

Russia plans scientific projects for super heavy rocket apart from lunar landing - sources

SPACE19+: fundamental, ambitious decisions for the future of Europe's launchers

TRADE WARS
China launches satellite service platform

China plans to complete space station construction around 2022: expert

China conducts hovering and obstacle avoidance test in public for first Mars lander mission

Beijing eyes creating first Earth-Moon economic zone

TRADE WARS
TESS catches a natural comet outburst in unprecedented detail

Impact crater data analysis of Ryugu asteroid illuminates complicated geological history

Amateur astronomers: help choose asteroid flybys for Hera

Wolfe Creek Crater younger than previously thought









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.