Jan 14, 2020

CHINA TRADE


CHINA'S EXPORTS ROSE HALF-A-PERCENT IN 2019 DESPITE A TARIFF WAR WITH WASHINGTON AFTER GROWTH REBOUNDED IN DECEMBER ON STRONGER DEMAND FROM OTHER MARKETS. CHINESE EXPORTS TO THE UNITED STATES FELL TWELVE-AND-A-HALF PERCENT COMPARED WITH 2018, INCLUDING A DECLINE OF MORE THAN 14-PERCENT LAST MONTH. BUT GLOBAL EXPORTS FOR CHINA *ROSE NEARLY 8 PERCENT IN DECEMBER. U-S AND CHINESE ENVOYS ARE DUE TO SIGN AN INTERIM TRADE AGREEMENT THIS WEEK THAT INVESTORS HOPE WILL BE A FIRST STEP TOWARD ENDING THE COSTLY TARIFF WAR. THE STAND-OFF HAS HURT OHIO FARMERS WHO RELY ON EXPORTING SOYBEANS TO CHINA.

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