ANI
08 Dec 2019, 22:33 GMT+10
Beijing [China], Dec 8 (Sputnik/ANI): The bilateral trade between China and the United States decreased by 15.2 per cent in the first 11 months of 2019 as compared to the same period of the previous, totalling USD 494.5 billion, the Chinese General Administration of Customs said on Sunday.
Chinese exports to the United States dropped by 12.5 per cent to $ 383.5 billion between January to November, while imports from the US to China saw a 23.3 per cent decrease year-on-year, reaching USD 110.9 billion, the agency said.
China bought USD 10.9 billion worth of goods from America in November, while it exported USD 35.5 billion worth of goods to the later.
The world's two leading economies have been engaged in a trade war for over a year over what US President Donald Trump deemed unfair economic conditions and non-competitive behaviour from China.
China has denied such claims, saying that the trade row is not beneficial to either side or the world economy. The standoff translated into tit-for-tat hiking of tariffs on imported goods between the countries. (Sputnik/ANI)Get a daily dose of Hong Kong Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Hong Kong Herald.
More InformationBEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...
]LONDON, U.K.: A World Health Organization (WHO) expert group investigating the origins of the COVID-19 pandemic released its final...
FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...
TORONTO, Canada: Harvard University and the University of Toronto have created a backup plan to ensure Harvard graduate students continue...
BONN, Germany: Despite widespread belt-tightening across the United Nations, nearly 200 countries agreed this week to increase the...
(New York) - China's government has erased Hong Kong's freedoms since imposing the draconian National Security Law on June 30, 2020,...
NEW YORK, New York - U.S. stocks diverged on Wednesday for the second day in a row. The Standard and Poor's 500 hit a new all-time...
NEW YORK CITY, New York: The U.S. dollar continues to lose ground, weighed down by growing concerns over Washington's fiscal outlook...
KABUL, Afghanistan: Afghanistan, long associated with war and instability, is quietly trying to rebrand itself as a destination for...
SANTA CLARA, California: Executives at Nvidia have quietly been cashing in on the AI frenzy. According to a report by the Financial...
NEW YORK, New York - Global stock indices closed with divergent performances on Tuesday, as investors weighed corporate earnings, central...
TORONTO, Canada: Canadian Prime Minister Mark Carney announced late on June 29 that trade negotiations with the U.S. have recommenced...