China experiencing a painful energy shortage

China 10/20/21, 02:43

According to Nikkei Asia, as it recovers from the pandemic, China's electricity consumption soared significantly due to the necessity to satisfy orders from other countries. As a result, China is experiencing a severe power deficit at this critical time. In addition to rising electricity demand, the Chinese Communist Party's (CCP's) campaign ...

China exports fall sharply as coronavirus epidemic bites supply chains

U.S. 03/07/20, 12:36

China's exports plunged in the first two months of 2020 as a fast-spreading coronavirus outbreak is disrupting its corporate operations as well as global supply chains. China’s official customs data showed on Saturday, March 7, that exports plummeted 17.2% in January-February from a year earlier, the steepest drop since February 2019. Imports ...

China, US two-way trade falls nearly 14% in first 8 months amid trade war

Business 09/08/19, 14:08

The United States remains the largest single market for China’s exports in the first eight months of 2019, the latest data shows. China’s General Administration of Customs on Sunday released data showing its total imports and exports with the United States valued at $47.7 billion in August, bringing the combined value ...

China’s April exports fall amid US tariff war; imports rise

Business 05/08/19, 02:06

China's exports fell in April amid a punishing tariff war with Washington, adding to pressure on Beijing on the eve of negotiations aimed at settling the fight over its technology ambitions. Wednesday's announcement of trade data followed President Donald Trump's surprise threat of more tariff hikes on Chinese goods, which jolted ...

China exports rise in March, rebounding from slump

Business 04/12/19, 03:37

China's exports rebounded from a slump in March and sales to the United States rose strongly despite President Donald Trump's tariff hikes. Exports rose 14.2% over a year ago to $198.7 billion, a spokesman for the customs agency said Friday, recovering from February's 20.8% contraction. Imports fell 7.6% to $166 billion, ...

China, US open trade talks as Beijing says exports rebound

Business 02/14/19, 04:48

U.S. and Chinese negotiators have opened talks on a vexing trade war as Beijing reported its exports rebounded in January despite tariff hikes by President Donald Trump. Economists and business groups say the two days of negotiations that started Thursday allow too little time to resolve the array of disputes under ...

China’s January exports rebound, imports decline

Business 02/13/19, 23:46

China's exports rebounded in January from a contraction late last year amid trade tensions with Washington, but imports declined. Customs data on Thursday showed exports rose 9.1 percent from a year earlier to $217.6 billion, an improvement from December's 3.5 percent contraction. Imports declined 1.5 percent to $178.4 billion. Chinese exports to ...

China 2018 economic growth falls to 3-decade low

Business 01/20/19, 21:40

China's 2018 economic growth fell to a three-decade low as activity cooled amid a tariff war with Washington. The world's second-largest economy expanded by 6.6 percent over a year earlier, down from 2017's 6.9 percent, official data showed Monday. Growth in the three months ending in December cooled to 6.4 percent ...

China slump squeezes workers, hammers consumer spending

Business 01/19/19, 19:35

Yu Mingang had a good job helping Chinese manufacturers prepare to sell shares to the public until the cooling economy derailed those plans. As demand for auditing services sank, the 25-year-old accountant in the eastern city of Hangzhou was laid off in December. Yu tightened his belt: No more movies or ...

End of content

No more pages to load