CHINA / DIPLOMACY
Trade record predicted for 2021, ‘more confidence’ to solve disputes with US
By GT staff reporters Published: Apr 14, 2021 12:39 AM Updated: Apr 14, 2021 12:41 AM
An aerial photo taken on Nov. 3, 2020 shows the container dock of Yangshan Port in Shanghai, east China. (Xinhua/Wang Xiang)
There is a high likelihood that China and the US will post a bilateral trade record this year, experts said, as their industries and economies are closely intertwined and cannot be decoupled, despite ongoing geopolitical spats and some US politicians hue and cry intended to stem China s rise.
The inseparable China-US economic relations are reflected in the two countries trade data. Although no moves have been taken yet to remove the trade-war tariffs, China-US bilateral trade started to take off around mid-2020 in the depths of the pandemic and has showed no signs of abating into 2021.
SOURCE / ECONOMY By Global Times Published: Mar 07, 2021 12:18 PM
The first China-Europe freight train featuring e-commerce exports since the New Year leaves Xi an, Northwest China s Shaanxi Province for Germany on Tuesday. It carried bags, clothing and accessories, and the products will be distributed to Belgium, Italy and other countries. Photo: IC
Amid a strong recovery in the domestic economy and strong demand from the overseas market, China posted a 50.1 percent year-on-year growth in its exports during the first two months of 2021, China s General Administration of Customs said on Sunday.
Exports reached 3.06 trillion yuan ($472 billion) during the January-February period, while imports also rose by 14.5 percent from last year s level to reach 2.38 trillion yuan, according to GAC data which was released on Sunday.
Friday, 05 Mar 2021 02:49 PM MYT
The world’s two largest economies have been at odds over trade and economic policy, especially when it comes to US efforts to restrict tech exports to China and tariffs both have put on each other’s goods. Reuters pic
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BEIJING, March 5 Chinese Premier Li Keqiang pledged today to promote business ties with the United States based on “mutual respect” that benefit both countries.
The world’s two largest economies have been at odds over trade and economic policy, especially when it comes to US efforts to restrict tech exports to China and tariffs both have put on each other’s goods.
Chinese Foreign Minister s comments come as Beijing is pressing the administration of President Biden to drop many of the confrontational measures adopted by his predecessor Trump.