News

China’s trade boomed in September, reaffirming the world’s second largest economy is recovering from the pandemic

China’s trade boomed in September, with imports rising 13.2% year-on-year, easily beating expectations for an increase of 0.3%, while exports rose 9.9% year-on-year. Medical supplies, including personal protective equipment, and electronics fuelled the rise in exports. China’s trade surplus with the US fell to 30.75 billion in September down from […]
China’s trade boomed in September, reaffirming the world’s second largest economy is recovering from the pandemic
Markets

US goods-trade deficit widens to record $82.9 billion in August as imports surge

The US goods-trade deficit widened to a record in August as companies rushed to meet stronger consumer spending with increased importing. The trade gap jumped to $US82.9 billion from $US80.1 billion, the Commerce Department reportedThursday. Economists surveyed by Bloomberg expected a reading of $US81.8 billion. Imports climbed 3.1% to $US201.3 […]
US goods-trade deficit widens to record $82.9 billion in August as imports surge
Markets

US trade deficit in July hits widest point in 12 years

Summary List Placement The US trade deficit in July swelled to its greatest gap since the 2008 financial crisis, the Commerce department reported Thursday. The US trade deficit, or gap between imports and exports, widened nearly 19% to $US63.6 billion in July from $US53.5 billion in June, according to the […]
US trade deficit in July hits widest point in 12 years
News

China is warning students and tourists to reconsider travelling to Australia amid reports of rising racism, posing a $24 billion threat to the economy

The Chinese government has issued two warnings in less than a week to its citizens, advising them to think twice before visiting or studying in Australia. Citing a spike in racial discrimination, the warnings threaten to affect the combined $24 billion Chinese students and visitors contribute to the local economy. […]
China is warning students and tourists to reconsider travelling to Australia amid reports of rising racism, posing a $24 billion threat to the economy