Saturday, 23 March, 2019

China Oil Imports Up 30% In December, Gas Imports Hit Record

China's 2018 trade surplus with US hits record high $323B Chinese exports - looking behind the numbers
Laurie Berry | 14 January, 2019, 20:26

In December 2018, therefore, China imported 9.23 million tons of gas, both by pipeline and as LNG, up 17 percent on the year.

The agency noted that a year ago Russian imports of Chinese goods increased by 12 percent to $47.98 billion.

Despite the levies, exports to the United States grew 11.3 percent previous year while imports rose 0.7 percent, expanding the surplus to $323.3 billion from $275.8 billion in 2017, customs data show.

The world's largest trading nation got off to a strong start in 2018, but pressure on the economy started to build later in the year as the United States and China began imposing tariffs on each other's goods and global demand started to cool.

PG&E Declares Bankruptcy And CEO Resigns
The company has already been blamed by state fire investigators for wildfires that broke out in October 2017. Shares in the company are expected to fall by more than 50% when trading begins on Monday.

Traditionally China imports vast quantities of American soybeans in the second half of the year, long making it the most valuable import from the US.

Washington has been clamouring for an end to the forced transfer - and even theft - of American technology and intellectual property, as well as steep government subsidies for Chinese companies.

The country's commerce minister told state media on Friday that China will work to straighten out trade frictions with the U.S. this year.

Last week, the Chinese commerce ministry said that mutual trade between the countries in December reached $100 billion for the first time ever.

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