Chinese trade news
Here are some recent Chinese trade news:
Tariffs and Trade Wars
- The US and China have agreed to roll back some tariffs as part of a phase one trade deal, but the agreement has been met with skepticism by some experts. (Source: Bloomberg)
- The US has imposed tariffs on $250 billion worth of Chinese goods, and China has retaliated with tariffs on $110 billion worth of US goods. (Source: CNBC)
- The trade war has had a significant impact on the global economy, with the World Bank estimating that it has reduced global trade by 1.5% since 2018. (Source: World Bank)
Economic Data
- China's economy grew at a slower pace in the fourth quarter of 2019, with GDP expanding 6.1% year-on-year. (Source: Xinhua)
- China's exports fell 17.2% year-on-year in January, while imports dropped 18.2%. (Source: Reuters)
- China's foreign exchange reserves fell to $3.22 trillion in January, the lowest level since 2017. (Source: Xinhua)
Trade Agreements
- China has signed trade agreements with several countries, including the EU, Japan, and South Korea. (Source: Xinhua)
- China has also signed a trade agreement with the Association of Southeast Asian Nations (ASEAN), which aims to increase trade and investment between the two sides. (Source: Xinhua)
- China has been pushing for a free trade agreement with the US, but negotiations have been slow and have been hampered by the trade war. (Source: Bloomberg)
Industry Developments
- China's tech industry has been growing rapidly, with companies like Huawei and Alibaba becoming global leaders. (Source: Forbes)
- China has been investing heavily in renewable energy, with plans to increase its use of solar and wind power. (Source: Bloomberg)
- China has been promoting its Belt and Road Initiative (BRI), which aims to increase trade and investment between China and other countries. (Source: Xinhua)
Regulatory Developments
- China has been implementing new regulations to increase transparency and accountability in its financial markets. (Source: Bloomberg)
- China has been cracking down on intellectual property theft and piracy, with fines and penalties for companies that violate the law. (Source: Reuters)
- China has been promoting its "Made in China 2025" initiative, which aims to increase the country's competitiveness in high-tech industries. (Source: Xinhua)