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Softening demand in China is already being felt around the world...... with slowing sales of such products as iPhones and cars prompting profit warnings from the likes of Apple and Jaguar Land Rover.
Dismal December trade data for China include:DLS 1 China December trade A 4.4 % fall in exports And a 7.6 % drop in importsBeijing says trade was strong OVERALL last year only to tail off. Prospects going into the New Year are for a continued slowdown.SONORE"The biggest hidden worry in 2019 for China's foreign tradeis still the grim and complex external environment. There arenumerous uncertain and unstable factors at play. Protectionismand unilateralism from certain countries are rearing their heads". That refers to the US President Donald Trump. AMBIENCE "The tarriffs have absolutely hurt China very badly"It's feared his trade war with China could bite in to Chinese growth further this year.
One concern is that its surplus with the US actually rose for 2018 overall by a little over 17 percent .DLS 2 China's 2018 trade surplus with US It now stands at a record 323 billion dollars. Due to Chinese companies ramping up shipments before measures went into effect.The continued massive China-US trade gap might prompt the US President to punish Beijing further rather than strike a deal on trade ties. That, despite three days of bilateral trade talks in Beijing last week seen as positive.
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