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Tag Archives: export

South Korea's Newest Export Hit: Unemployed Graduates

SEOUL (Reuters) – Cho Min-kyong has an engineering degree from one of South Korea's premier universities, a design award, and a near-perfect result in her English test. Job seekers look for job opportunities during the Japan Job Fair 2018 in Seoul, South Korea, on November 7, 2018. The photo was taken on November 7, 2018. REUTERS / Kim Hong-Ji But …

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Statement | Will China export its illiberal innovation?

In 2009, after Internet-led racial uprisings between Uighur Muslims and Han Chinese in northeastern China in Xinjiang, the ruling Communist Party took drastic action: the digital kill switch. Beijing disables Xinjiang Internet and sends military police to restore order. The blackout lasted almost a year. Now, a decade later, Xinjiang is buckling under a new fight against the Uighurs. This …

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Asian markets are plummeting due to trade fears, weak export data from China

Asian markets fell on Friday worried that the US and China may not come as close to a trade deal as President Donald Trump had suggested. The sale was also fueled by concerns about the global economy for alarming Chinese trade data. China's customs administration said exports fell 20.7% in February, reflecting weaker demand. Economists interviewed by the Wall Street …

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Export collapse in China shakes global stocks

The all-European Stoxx 600 fell 0.8 percent during morning deals, with all sectors and major stock markets in negative territory. Chinese official data Monday showed that imports fell 7.6 percent in December compared to the previous year, while analysts had expected a rise of 5 percent. China's exports fell unexpectedly by 4.4 percent, which contradicted the projections of a plus …

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In spite of the trade war, China recorded the strongest export growth in seven years in 2018

Geely export vehicles arrive at Ningbo Zhoushan in Zhejiang Province, China, on January 2, 2019 in Ningbo Zhoushan a cargo ship. REUTERS / Stringer BEIJING (Reuters) – China's exports rose 9.9 percent in 2018 Despite mounting disruptions from an escalating trade war with the United States, customs data showed on Monday. Imports rose 15.8 percent last year and resulted in …

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The Saudi oil export in October reached its highest level since the first OPEC deal

Saudi Arabia's crude oil exports rose to a 22-month high of 7.70 million Bpd in October, as OPEC's largest oil producer and exporter amassed supplies prior to the return of US sanctions on Iran. According to the Joint Organization Data Initiative (JODI) database, which collects self-reported data from 114 countries, Saudi Arabia's crude oil exports rose by 268,000 bpd in …

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The economic forecast assumes export growth of 50 percent by 2025

Finance Minister Bill Morneau's Fall Economic Statement brings more money to the fore as the Trudeau government pursues its diversification strategy to try to move more companies towards export markets beyond the United States. A new diversification strategy for $ 1.1 billion over the next six fiscal years, beginning in 2018-1919, to improve infrastructure and provide more resources and services …

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China's export growth accelerates despite US trade tensions

PEKING-China's exports increased unexpectedly in September, despite the worsening trade conflict with the US, as the trade gap between the two countries reached a new high. A rush of deliveries for fear of heavier tariffs, a weaker domestic currency Solid foreign demand has boosted export growth overall, economists say. But the momentum will not last long, they predicted, as trade …

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China's September export growth tops forecasts, surplus with U.S. record high

BEIJING (Reuters) – China reported on Friday an unexpected acceleration in export growth in September and a record trade with the United States, which could exacerbate an already-heated dispute between Beijing and Washington. Shipping and handling in Lianyungang, Jiangsu province, China September 8, 2018. REUTERS / Stringer September exports rose 14.5 percent from a year earlier, Chinese customs data showed. …

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