China’s exports rose for the third consecutive month in August, eclipsing an extended fall in imports, as more of its trading partners relaxed lockdowns in a further boost to the recovery in the world’s second-biggest economy. … [Read more...] about China exports rise most since March 2019
Trade deficit with china
Zhou Chenghu, head of the China Association of Trade in Services and an academician with the Chinese Academy of Science, said during a forum at the ongoing China International Fair for Trade in Services in Beijing, that the services sector accounts for 60 percent of the global economy and there are broad prospects for cooperation in the sector among countries and regions related to the BRI. The cooperation should focus on construction of public platforms, information and resource-sharing for the overall development of the services industry, he said. … [Read more...] about B&R economies to boost services trade partnership
As the world's third-largest economy with a reputation for advanced technologies and extensive outreach network and official development assistance programmes, Japan initiated such parleys on de-risking supply chains from its overdependence on China by the end of March itself. Its first outcome was seen in early April when Japan announced a stimulus package of $2.2 billion to help companies move production away from China. … [Read more...] about Supply Chain Resilience Initiative | There’s no escaping China’s growing centrality
“I will use tariffs when they are needed, but the difference between me and Trump is that I will have a strategy - a plan - to use those tariffs to win, not just to fake toughness,” Biden wrote in a statement to the United Steelworkers union in May. Steel and aluminum tariffs would stay until a global solution to limit excess production - largely centered in China - can be negotiated, it said. … [Read more...] about Pulled in many directions, Biden may keep Trump’s China tariffs in place
China and India, despite being such large countries, accounted for only 4.5 per cent and 4.2 per cent of global GDP in 1950 in Purchasing Power Parity (PPP$) terms. The ratio of China’s GDP to India’s was 1.18 in 1913 ($241 billion/$204 billion); in 1950 it was 1.08 ($239 billion/$222 billion). Estimates of per capita income made by Angus Maddison and Dharma Kumar suggest that India might have had a higher per capita income. However, there was not a marked difference in the level of human development. … [Read more...] about Can India catch up with China?