Energy News  
TRADE WARS
China exports remain strong in October, import growth slows
by Staff Writers
Beijing (AFP) Nov 7, 2020

China's exports posted strong growth again last month, extending an upward trend on the back of a consumption rebound among its major trading partners, official data showed Saturday.

Inbound shipments, however, cooled after a surge in September -- with analysts expecting that a drop in import prices weighed on headline numbers.

Although the coronavirus pandemic has battered countries worldwide, foreign trade in the world's second-largest economy fared better than expected, buoyed by healthcare shipments.

Exports rose 11.4 percent on-year in October, customs data showed, better than the 8.9 percent growth predicted by a Bloomberg poll of economists.

Imports meanwhile grew 4.7 percent, short of the 8.8 percent on-year rise expected.

The customs administration said Saturday that China's exports of mechanical and electrical products rose in the first 10 months, as did outbound shipments of textiles including face masks, which rose around 35 percent from a year ago.

Capital Economics cautioned in a report this week, however, that recent data pointed to a drop in new export orders in October, signalling that "foreign demand has started to soften following fresh lockdowns abroad".

The resurgence of infections in key markets -- including the US and Europe -- could strike external demand for China, which has made a renewed push this year for local consumption to underpin growth.

"Most measures suggest that domestic demand continued to strengthen and the infrastructure investment at the heart of the ongoing stimulus is particularly import-intensive," said Capital Economics.

Meanwhile, China's trade surplus with the US -- the core gripe in Washington in the bruising trade war -- rose around 19 percent from last year to $31.4 billion in October.

This widened slightly from the $30.8 billion seen in the month before, marking one of the larger surpluses this year according to Chinese figures.


Related Links
Global Trade News


Thanks for being here;
We need your help. The Space Media Network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceMediaNetwork Contributor
$5 Billed Once


credit card or paypal
SpaceMediaNetwork Monthly Supporter
$5 Billed Monthly


paypal only


TRADE WARS
Brazil's Bolsonaro hopes Trump wins
Rio De Janeiro (AFP) Nov 4, 2020
Brazilian President Jair Bolsonaro said Wednesday he hoped Donald Trump would come out ahead in the down-to-the-wire US election, lashing out at Democratic contender Joe Biden's comments on protecting the Amazon rainforest. The far-right leader, who has been dubbed a "Tropical Trump," has cultivated a close relationship with the Republican president, and has not been shy about endorsing his bid for reelection. "You know where I stand, I've been clear. I have a good relationship with Trump. I hop ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
Luminescent wood could light up homes of the future

New protein nanobioreactor designed to improve sustainable bioenergy production

Bioenergy research team sequences miscanthus genome

Japan carbon pledge boosts hopes of ammonia backers

TRADE WARS
Research lays groundwork for ultra-thin, energy efficient photodetector on glass

NTU scientists develop energy-saving 'liquid window'

Solar cells of the future

Photon Energy Commissions Additional Six PV Power Plants in Puspokladany, Hungary

TRADE WARS
California offshore winds show promise as power source

TRADE WARS
Space to help build a green post-pandemic economy

South Korea to seek carbon neutrality by 2050: Moon

Japan PM Suga sets 2050 deadline for carbon neutrality

Xi's big carbon promise on the table as China's leaders meet

TRADE WARS
Boosting the capacity of supercapacitors

Predictive model reveals function of promising energy harvester device

Infrared light antenna powers molecular motor

Realistic simulation of plasma edge instabilities in tokamaks

TRADE WARS
Sri Lanka returns illegal waste to Britain after court order

Locals teed off about new Trump golf course in Scotland

War on plastic is distracting from more urgent threats to environment, experts warn

Amount of plastic dumped in Med to double in 20 years: report

TRADE WARS
French company abandons plans to import US gas

Malaysia's Petronas aims for 'net zero' emissions by 2050

Norway court begins review of Arctic oil licenses

Norway oil giant Equinor aims for carbon neutral by 2050

TRADE WARS
Geologists simulate soil conditions to help grow plants on Mars

NASA's Perseverance Rover Is Midway to Mars

Sensors on Mars 2020 Spacecraft Answer Long-Distance Call From Earth

Leonardo at work on robotic arms for the NASA and ESA Mars Sample Return mission









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.