China records highest trade surplus with U.S. since 2006

China’s trade surplus with the United States grew by 11.3% from the previous year.

Customs data released on Monday shows, China recorded its biggest trade surplus with the United States which touched $323.32 billion – its highest since 2006. In 2017, its trade surplus with the U.S. was $275.81 billion.

In 2018, Chinese exports to the U.S. grew by 11.3% from 2017 while imports from the U.S. grew only by 0.7%.

Beijing’s trade surplus has become a sore point with Washington is is at the epicentre of their trade war.

Although both countries have slapped tariffs on one another, clearly China has more to lose given its trade surplus and the fact that its economy still lags far behind that of the United States.

Advertisements


Categories: Creativity, Economy & Finance, Entrepreneurship, Geopolitics, HR & Organization, Regulations & Legal, Strategy

Tags: , , , , , , , , , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: