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
"Currently, China is shifting its focus of opening-up from trade in goods to trade in services. During the first seven months of this year, China's trade in services stabilized, trade deficit decreased and knowledge-intensive industries grew despite the challenges brought by COVID-19.Services trade has become a new bright spot in the development of international trade," 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
Republicans largely abandoned traditional party goals such as unfettered trade and balanced budgets to embrace Trump’s “America First” agenda. For Democratic-party challenger Biden, with a history of supporting free trade but also attuned to voices calling out for a different approach, the task is not so simple. … [Read more...] about Pulled in many directions, Biden may keep Trump’s China tariffs in place
India will most probably overtake China as the most populous country in the world in 2030. China is better placed structurally than India for a good economic performance, but it is most likely to be much lower than its recent average performance of about 10 per cent a year. How much lower it would be would depend on its ability to maintain current labour productivity levels and the benefits likely to flow from its proposed trans-continental rail system and other transport-related activities. Troubles in China’s financial markets, a declining young and increasing older population as a proportion of the working age population, increasing wages in general and export industries in particular, costs associated with cleaning up serious environmental pollution, increasing competition from other countries in export industries using low-skill and semi-skill labour, lower savings rate and a possibly lower investment rate will have a negative effect on its growth. … [Read more...] about Can India catch up with China?