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 Singapore Star 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 Singapore Star.
More InformationWASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...
WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...
SLUBICE, Poland: Poland reinstated border controls with Germany and Lithuania on July 7, following Germany's earlier reintroduction...
WASHINGTON, D.C.: After months of warnings from former federal officials and weather experts, the deadly flash floods that struck the...
MOSCOW, Russia: Just hours after his sudden dismissal by President Vladimir Putin, Russia's former transport minister, Roman Starovoit,...
DHARAMSHALA, India: The Dalai Lama turned 90 on July 6, celebrated by thousands of followers in the Himalayan town of Dharamshala,...
LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...
AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...
NEW YORK, New York - U.S. stocks rebounded Tuesday with all the major indices gaining ground. Markets in the UK, Europe and Canada...
NEW YORK CITY, New York: Financial markets kicked off the week on a cautious note as President Donald Trump rolled out a fresh round...
RIO DE JANEIRO, Brazil: At a two-day summit over the weekend, the BRICS bloc of emerging economies issued a joint declaration condemning...
LONDON, U.K.: This week, BP appointed Simon Henry, former Shell finance chief, to its board as a non-executive director effective September...