China posted much stronger-than-expected trade data last month as demand picked up at home and overseas, an encouraging start to the year for the world's largest trading nation even as Asia braces itself for a rise in United States protectionism under President Donald Trump.
China's overseas shipments rebounded on stronger global demand, putting the nation's external sector on a firmer footing as it braces for potential trade frictions with the USA under Donald Trump's presidency. Imports of iron ore and crude oil rose sharply by 85 percent and 72 percent year-on-year respectively, thanks to the rising commodity prices contributing more than half of total import growth in January, stated ANZ in a research report. Key economic data coming up include trade data which will be released Friday.
The United States is close to slapping duties on imports of stainless steel from China after having issued a final determination this month that the products were being subsidised and dumped in the US market at below fair value. The US is China's largest export market, accounting for 18.5 percent of its total shipment overseas. A Reuters poll had suggested growth of 10%.
The surplus decreased $20.1 billion to $347.0 billion in 2016, the U.S. Commerce Department said Tuesday, while Chinese data put it somewhat lower.
Manufacturing activity and fuel demand typically slows ahead of the Lunar New Year as production of raw materials eases. China's import from Russian Federation surged 39.3% to $3.1 bln.
In December 2016, the import of crude oil in China was 36.38 million metric tons. Coal purchases also soared, for use in both power generation and steelmaking.
Imports surged by 25.2 percent year-on-year to 911.2 billion yuan ($132.4 billion), indicating growing demand amid ongoing supply-side reform. "So that means they can afford to pay for more iron ore", said Lachlan Shaw, an analyst at UBS in Melbourne, adding that government efforts to reduce excess capacity were aiding the trend. Meanwhile, the significant recovery in January's imports was driven by commodity imports.
You can also see how these vehicles look in action, as Psyonix has released a new trailer of Hot Wheels for Rocket League . More than 18 months after launch, Rocket League has remained an incredibly popular game across both console and PC.
Tensions were further strained in December when the Russian ambassador to Turkey was assassinated at an art gallery in Ankara. At the same time, Turkish forces and their allied Free Syrian Army (FSA) clashed with ISIS in the northern suburbs of al-Bab.
He reports that the name Snow Moon is pretty apt, since on average February is the snowiest month in the United States. Some tribes also referred to this moon as the Full Hunger Moon, since hunting and harvest were both in short supply.
Sources said that Putin wanted to discuss extending the treaty in the call, but that Trump was not familiar with its provisions. The New START treaty set limits on both countries' deployed strategic warheads to no more than 1,550 each.
It seems like just yesterday we were bidding farewell to the talent search of the aughts known as American Idol . American Idol aired its final episode less than a year ago, but plans are already in the works to bring it back.
It's an enjoyable film that has the flawless blend of humor, drama and stunning animation that is fitting for the dark knight . It remains to be seen whether The Lego Ninjago Movie will be anything to write home about.
Even so, preparations started Thursday to use an emergency spillway that has never been used before in the dam's 48-year history. When the reservoir exceeds its maximum capacity of 3.5 million acre-feet, water will pour down the emergency spillway.
Wells Fargo was chosen by Seattle through competitive bidding, beating out Bank of America, Union Bank and US Bank. In reaction to that scandal, the City of Seattle stopped negotiating with the bank over a $100 million bond deal .
The new rule will eventually be applied nationwide at all points of entry by the end of this year, according to People's Daily . The US, France and Japan are among other countries which fingerprint all foreigners entering their territory.
Nvidia -2.05%; Q4 2017, revenue outlook over estimates
But the good numbers appeared to have come from its cloud services which more than tripled to $296 million in the quarter. Also, the company registered year-over-year growth on both counts, primarily due to growth across all its four platforms.
Lady Gaga Reportedly Has a New Boyfriend
Whatever lovely dance moves she elected to perform as she made her way from the sky to the stage, it was glorious. There are no words to describe how incredible that halftime show was, but I will try finding some.
New Russia revelations pose new problems for Trump's NSA
If he offered Russian Federation reassurances about US sanctions, the day after Obama's actions, Flynn may need a good lawyer. Last month, people close to Steve Bannon, Trump's chief strategist, described Flynn to the New York Times as a bad leader.
Two children among seven killed in Bali landslide
The Indonesian archipelago is susceptible to flooding and mudslides, and the rainy season peaks in December, January and February. The victims include a seven-year-old girl and a one-year-old boy, as well their mother.
Bouchard has a date after losing Super tweet bet
Former Wimbledon finalist Eugenie Bouchard will go on a date with an National Football League fan after losing a Super Bowl bet. Whatever comes of the date, the Patriots' remarkable comeback served as a teachable moment for Bouchard.
Dwyane Wade sends support to Jabari Parker following ACL tear
Along with Parker, headlined by Giannis Antetokounmpo , Milwaukee's young core was improving rapidly as the season has progressed. For now, we can only wish Jabari Parker the best and wonder how he and the Bucks deserved such bad , familiar tragedy.