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☆ China Reaches Record Trade Surplus, Raising Alarm Abroad
  + stars: | 2024-07-12 | by ( Keith Bradsher | More About Keith Bradsher | ) www.nytimes.com   time to read: +1 min
The result was a record monthly trade surplus of just over $99 billion, China’s customs administration reported on Friday. For the Chinese government, the ever-widening trade surplus is good news. Consumers in distant markets are buying many of the goods that Chinese households no longer want. Officials around the world worry that exports from China will displace their own industrial output, forcing factories to close and hurting economic growth. Governments in United States, the European Union, Brazil, India, Turkey and elsewhere have been raising tariffs or imposing new tariffs on manufactured goods from China in recent weeks.
Organizations: European Locations: China, United States, European Union, Brazil, India, Turkey
☆ China to restrict exports of some aviation and space components
  + stars: | 2024-05-31 | by ( ) edition.cnn.com   time to read: +2 min
Beijing (Reuters) — China will control exports of some aviation and space components from July 1, its Commerce Ministry announced on Thursday, citing a need to protect the country’s national security and interests. Beijing brought in its Export Control Law in late 2020, amid an escalating trade war kicked off by Trump-era tariffs on $300 billion of Chinese goods in 2018. The United States and European Union, for example, also control the export of various aerospace components over concerns such parts might find “dual-use” application by hostile states. “China has learned from international practices and implemented export controls on relevant items according to its own needs,” an explanatory note from the Commerce Ministry said. Exports will be licensed if they comply with the relevant regulations,” it added.
Persons: “ Organizations: Reuters, Commerce Ministry, China’s Customs Administration, Central Military Commission, State Council, Ministry of Commerce, Export Control Law, Trump, European Union Locations: Beijing, China, United States
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