Tuesday, 16 January, 2018

China's trade with North Korea dropped sharply in 2017

Donald Trump will soon decide whether to slap tariffs on imported solar panels Donald Trump will soon decide whether to slap tariffs on imported solar panels
Laurie Berry | 12 January, 2018, 15:11

The European Union, US and ASEAN remain China's top three trade partners, representing almost 42 percent of the total volume, while trade with Russia, Poland and Kazakhstan saw rapid growth of between 20 and 40 percent due to the new Silk Road scheme.

The increasing surplus is likely to give impetus to calls for tough measures.

Imports of soybeans hit their second-highest monthly total in December of 9.55 million tonnes, and a record 95.54 million tonnes for the year.

Customs is expected to release dollar-denominated trade data later on Friday.

Imports from North Korea slumped 81.6 percent year-on-year to $54.34 million, Huang Songping, Chinese customs spokesman, said in a briefing in Beijing on Friday.

However, over the year, that still saw China's trade surplus with the United States swell to $US275.81 billion, the largest on record.

China has so far resisted taking major retaliatory action against United States imports despite a volley of new duties and investigations from the White House.

Walmart plans to close 63 Sam's Club stores
Some employees said they were not informed of the closures up until the moment they showed up to work today. Sam's Club is shutting down 63 stores, and some employees and customers say it did so without warning.

The humming global economy helped propel China's trade, giving its leaders more time to achieve their goal of transitioning the economy from one driven by exports and investment to a more stable model propelled by domestic consumption.

China's exports and imports growth slowed in December after unexpectedly surging in the previous month, adding to signs of ebbing economic growth as the government extends a crackdown on financial risks and factory pollution.

It will be hard to keep double-digit trade growth this year given the many global uncertainties and a high comparison base, Huang said.

They are "a sign that domestic demand may have weakened at the end of previous year", he said.

It was the weakest annual growth in imports since December 2016. "China trade tensions", he said.

"Although the trade data are often volatile, this latest decline (in import volumes)...is a sign that domestic demand may have weakened at the end of a year ago", Capital Economics Senior China Economist Julian Evans-Pritchard wrote in a note.

Recommended

The Best-Dressed Guests From The Critics Choice Awards The Best-Dressed Guests From The Critics Choice Awards He opened this show with a big win for " The Big Sick " and an even bigger statement about the issue of the moment in Hollywood. While she wasn't nominated for an award, her film Three Billboards Outside Ebbing, Missouri was nominated in four categories.

President Trump Cancels Visit to the UK President Trump Cancels Visit to the UK Trump blamed the Obama administration for the move, accusing it of selling the old embassy for "peanuts" in a "bad deal". The problem with that rationale is that Trump's tweet misrepresented the history of the U.S.

Ecuador grants Assange citizenship, seeks end to embassy stay Ecuador grants Assange citizenship, seeks end to embassy stay Assange applied for citizenship on September 16th, 2017, and was granted it on December 12th in the same year. Ecuador's Foreign Minister Maria Fernanda Espinosa said she hopes to find a solution to the Assange issue.

Honda Insight hybrid to debut in Detroit, promises 50 mpg combined Honda Insight hybrid to debut in Detroit, promises 50 mpg combined The new Insight will feature a 1.5-liter Atkinson-cycle engine paired with an electric motor and lithium-ion battery pack. Inside, Honda is promising best-in-class passenger space, along with a more upscale cabin than most compact cars.

OnePlus 6 flagship to release in Q2 2018 with Snapdragon 845 SoC OnePlus 6 flagship to release in Q2 2018 with Snapdragon 845 SoC OnePlus has traditionally focused a lot on selling its devices through various online websites, including its own. Meanwhile, OnePlus is said to begin talks with the United States carriers this year to sell its smartphones.

5 flu-related deaths confirmed in Houston area 5 flu-related deaths confirmed in Houston area Those aged 65 and over, pregnant women and people at most risk of serious illness are all offered the flu vaccination on the NHS. As a result, children produce a stronger "transmission" of the flu - just as was the case in 2009 with the Swine Flu outbreak.

Nintendo Direct Mini Unveils Some Major Titles for 2018 Nintendo Direct Mini Unveils Some Major Titles for 2018 Going back to the Nintendo DS, it announced that The World Ends With You will be getting a re-release on the Switch. They also gave a date for Kirby Star Allies , which will be gracing the Nintendo Switch on March 16th.

Final Fantasy XII: The Zodiac Age hits PC in February with Optimizations Final Fantasy XII: The Zodiac Age hits PC in February with Optimizations Unfortunately, there is no word on how much the game will cost yet, but the remastered PS4 version was $49.99 at its launch. New Game Plus and New Game Minus - Post-game content modes are now accessible from the beginning of the game.

Former ISRO director on 100th satellite launch Former ISRO director on 100th satellite launch It will mark the PSLV's return-to-flight after a four-month grounding in the wake of a failure in August. The total weight of all the 31 satellites onboard the PSLV-C40 is about 1323kg.

Democrats to Trump: Your Russia silence is deafening Democrats to Trump: Your Russia silence is deafening The report points to Europe to provide a roadmap for the US going forward. It was prepared for the Senate Committee on Foreign Relations.

Trump calls Haiti, El Salvador, African nations 'shithole countries' Trump calls Haiti, El Salvador, African nations 'shithole countries' Tom Cotton , R-Ark., and David Perdue, R-Ga., and House Majority Leader Kevin McCarthy, R-Calif., and Reps. Things had gotten testy in the Oval Office as negotiations over an immigration bill hit the rocks.

Will enough tax be withheld from your paycheck? Good question Will enough tax be withheld from your paycheck? Good question For people with simpler tax situations, the new tables are created to produce the correct amount of tax withholding. While employers can begin doing this voluntarily, they will have to comply with the new guidance by February 15.

Queen Elizabeth's bra specialist loses job after publishing tell-all book Queen Elizabeth's bra specialist loses job after publishing tell-all book June Kenton and her husband bought the brand in 1982 for £20,000 but a Belgian brand bought a majority stake in 2011. Buckingham Palace said it not "comment on individual companies".

NEW IceCaps Alumni Join Team Canada for Winter Olympics NEW IceCaps Alumni Join Team Canada for Winter Olympics They don't exactly bring the star power of Sidney Crosby, Jonathan Toews and Carey Price, all Olympic gold medallists. The bulk of the National Hockey League experience comes from a half-dozen forwards with some familiar names.

Titans Owner Backs Mike Mularkey Titans Owner Backs Mike Mularkey This contest screams of a game dominated by Rob Gronkowski , who eats up the middle of the field against mediocre linebackers. But stranger things have happened in the National Football League . except at Gillette Stadium on Saturday nights in January.