China's March exports unexpectedly fall but 1Q trade surplus with USA soars

16 April, 2018, 06:54 | Author: Regina Silva
  • China hits US sorghum with anti-dumping measure

Xi said "Openness versus isolation and progress versus retrogression, humanity has a major choice to make".

According to U.S. media reports, President Trump made the move to "punish" the People's Republic of China for what he called the theft of American technology.

China now spends 2.1 per cent of its gross domestic product on research and development, not yet matching United States levels of 2.75 per cent, but a remarkable increase from just 0.7 per cent in the 1990s and nearing the 2.35 per cent average among members of the Organisation for Economic Co-operation and Development. "So I thought, it was appropriate to have a strong response", he said.

"Many" of the Uighurs sent to the centers are "forced to even eat pork", the China Aid president proclaimed, further adding that in the camp prisoners "are mandated to wear specially designed earphones and [listen] to 24 hours of propaganda from the communist party".

After banks doled out a record 2.9tn yuan in new yuan loans in January, they came under pressure from regulators to rein in lending, financial magazine Caixin reported in February, citing banking sources.

Last week, US President Donald Trump threatened to impose 25 per cent tariffs on $50bn in imports from China. But on Tuesday, Chinese President Xi Jinping appeared to reverse course.

"The highways we have been using can only carry vehicles passing by, and they are like the 1.0-generation product", Zhou Yong, Qilu's general manager was quoted as saying.

In 2016, China produced nearly 500,000 scientific papers according to data from global information analytics firm Elsevier, taking the number 2 spot globally and closing in on America's 600,000. "But I don't think it's going to take them long". He said Trump and Xi agreed a year ago on a 100-day agenda of trade-liberalization measures but Beijing failed to act on about half of them.

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Calling for the relevant parties to return to the framework of worldwide law and resolve the Syria issue through dialogue and negotiation, Chinese Foreign Ministry spokesperson Hua Chunying said Beijing is opposed the use of force.

The official cited Beijing's "Made in China 2025" plan as "hugely problematic".

Smartphone maker Huawei Technologies is the only Chinese company that made it into Clarivate Analytics' top 100 innovators past year, a ranking based not only on patent volumes but also on their influence on other organizations.

"We hope that the U.S. will listen patiently to rational and pragmatic voices on the trade balance issue".

The drill is once again expected to raise alarms - not just for China's smaller neighbours but for Japan and the United States as well.

Forecasts for how long it will take for Beijing to close the technological gap vary - though several patent specialists say it could happen in the next decade. "We put a $50 billion tariff on, and then we put $100 billion tariff on".

Finally, a full trade war would also have significant implications for key US allies, namely South Korea, whose economy would suffer drastically.

China's exports to the USA rose 14.8% in the first quarter from a year earlier, while imports rose 8.9%. However, Chinese officials already insist companies aren't required to hand over technology, so it was unclear how policy might change.

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