Source: Bloomberg US-China trade in goods is now at the fastest rate in years, defying long standing tariff wars and Covid-19 pandemic impacts. USDCNY is down -0.03% On a monthly basis, two-way trade between the two countries fell to $19 billion in February 2020, but has rebounded to new records in the past year.Currently, about half of the $259 billion goods from … [Read more...] about US Trade with China at its Fastest Rate amid Tensions and Covid Impacts
USDCNY
China Beats Estimates in November’s Economic Recovery, Jobless Rate Wanes
China extended its strong momentum in economic activity with an across-the-board recovery in November, according to Market Watch. The urban jobless rate fell for a fourth straight month to 5.2%, down from October's 5.3%. Industrial output rose 7.0% in November year over year, up from 6.9% in October beating analysts’ expected 6.8%Fixed-asset investment rose 2.6% in the … [Read more...] about China Beats Estimates in November’s Economic Recovery, Jobless Rate Wanes
Australia Blames China for Acting Against “Letter and Spirit” of Trade Deal
Australia has accused China of going against the "letter and spirit" of the China-Australia Free Trade Agreement (ChAfta), a deal the two countries agreed to review at least after five years, according to SCMP. Neither Beijing nor Canberra has expressed willingness to further review the bilateral free-trade agreement signed five years ago, given the ongoing trade … [Read more...] about Australia Blames China for Acting Against “Letter and Spirit” of Trade Deal
