China says trade war with US hampered its 2019 foreign trade
UNTV News • January 14, 2020 • 516
Beijing – China’s international trade growth slowed to 3.4 percent in 2019, affected by the trade war with the United States, a country with which exchanges decreased 10.7 percent, according to official data published Tuesday.
China’s foreign trade increased by 3.4 percent to 31.54 trillion yuan ($4.57 trillion) in 2019, figures of the General Administration of Customs showed.
Exports grew by 5 percent in 2019 to 17.23 trillion yuan, while imports increased by 1.6 percent to 14.31 trillion yuan.
The trade surplus increased by 25.4 percent, totaling 2.92 trillion yuan.
Although the growth rate was lower than in the previous two years, Customs authorities underlined that the total trade volume as well as imports and exports set record nominal figures in 2019.
There was a sharp increase in pork imports (75 percent), a product in great demand in China and for which supply was severely affected by the African swine fever epidemic.
Purchases of veal meat abroad, used as a substitute, also experienced a notable increase (59.7 percent).
China’s trade scenario last year was marked by the ongoing trade war with the United States, leading bilateral trade between them to fall by 10.7 percent to 3.73 trillion yuan.
The figure means the United States is no longer China’s second-largest trading partner, and falls to third place, although it is still far superior to fourth-placed Japan.
Chinese exports to the US reduced by 8.7 percent to 2.89 trillion yuan, while imports from the North American country dropped by 17.1 percent to 845.38 billion yuan.
This lopsided trade balance between them in favor of China — which last year stood at 2.04 trillion yuan, a drop of 4.7 percent — was among the major reasons for the Trump administration to start the trade war with Beijing.
While trade with the US fell, China increased exchanges with the European Union by 8 percent, the United Kingdom (12 percent).
One of the commercial year’s notable relationships was with the Association of Southeast Asian Nations, a regional bloc with which China raised its businesses by 14.1 percent and took the place of the US as Beijing’s second-largest trading partner.
In addition, the Asian giant carried out 8 percent more year-on-year more purchases and sales in Latin America in 2019, and 6.8 percent more in Africa.
The country’s Customs authorities also highlighted trade growth with countries that are part of the Chinese initiative of the New Silk Routes, which rose by 10.8 percent.
Another figure highlighted by the state press is that, for the first time since the statistical series began, Chinese private companies outperformed those with foreign funding.
Looking ahead, Capital Economics analyst Julian Evans-Pritchard believes the “gradual recovery” of the economies of China’s main trading partners will help sustain exports this year.
This should also be helped by the so-called “first phase” of the agreement between China and the US, which is to be signed Wednesday and will serve to end the tariff conflict between the two powers.
Evans-Pritchard is not so optimistic about the growth of imports in 2020 “It could not increase much more due to the winds against domestic demand,” he said, and said the agreed increase in purchases of US products would be carried out by sacrificing other countries’ imports.
The General Administration of Customs published data today for the month of December, in which foreign trade increased by 12.7 percent and set a new monthly volume record. EFE-EPA
MANILA, Philippines – The government of the United States on Thursday donated hygiene kits and handwashing stations to the city government of Manila in support of the Philippine capital’s fight against the coronavirus disease (COVID-19) pandemic.
In a statement, US Ambassador Sung Kim said he visited the Delpan Quarantine Facility in Tondo to handover 5,000 hygiene kits and 16 handwashing stations to Manila Mayor Francisco “Isko Moreno” Domagoso.
Kim said the hygiene kits could provide additional protection against COVID-19 through the provision of items essential to practicing good personal hygiene.
The kits contain face masks, soap, laundry detergent, dishwashing liquid, and toothbrushes.
“The U.S. government is a friend, partner, and ally of the Manileños in facing this pandemic. The American people are pleased to support the City of Manila’s efforts to fight COVID-19,” Kim said.
To complement the donation, the U.S. Agency for International Development (USAID) said it will continue to collaborate with the Manila City Health Office to help ensure that citizens can access quality tuberculosis services during the pandemic as well as to support the rollout of the Department of Health’s “Coordinated Operations to Defeat Epidemic (CODE)” strategy to contain the pandemic.
USAID recently donated two ventilators to the Tondo Medical Center as part of the 100 ventilators that the U.S. government handed over last August 28 to the Philippine government.
To date, the U.S. government has donated over P1 billion ($22.6 million) to support the Philippines’ COVID-19 response.
U.S. Secretary of State Mike Pompeo said on Thursday (July 30) the “tide is turning” in U.S. dealings with China, saying there is international support for American policies, including the step-up of maritime maneuvers in the South China Sea.
Reflecting rising tensions between Washington and Beijing, Pompeo took a tough line on China in testimony before the Senate Foreign Relations Committee.
“We see the Chinese Communist Party for what it is: the center threat of our times,” Pompeo said.
In recent days, Washington and Beijing have each closed one of the other country’s consulates – the United States closing China’s office in Houston and China retaliating by shuttering the U.S. facility in Chengdu – and Pompeo recently announced an end to Hong Kong’s special trading status.
“We closed the consulate in Houston because it was a den of spies,” Pompeo said.
Pompeo was testifying publicly at Foreign Relations Committee hearing for the first time in 15 months, discussing the State Department’s annual budget request.
President Donald Trump’s administration has tried to slash the State Department budget since it took office, which has been rejected by Congress every year. Democratic lawmakers told the hearing that they would not support steep cuts this year either. (Reuters)
Chinese Foreign Ministry on Friday informed the U.S. Embassy in China of its decision to withdraw its consent for the establishment and operation of the U.S. Consulate General in Chengdu.
The ministry also made specific requirements on the ceasing of all operations and events by the Consulate General, said a statement issued by the ministry.
On July 21, the United States launched a unilateral provocation by abruptly demanding that China close its Consulate General in Houston, the statement said.
The U.S. move seriously breached international law, the basic norms of international relations, and the terms of the China-U.S. Consular Convention. It gravely harmed China-U.S. relations, said the statement.
The measure taken by China is a legitimate and necessary response to the unjustified act by the United States. It conforms with international law, the basic norms of international relations, and customary diplomatic practices, said the statement.
The statement said the current situation in China-U.S. relations is not what China desires to see, and the United States is responsible for all this.
“We once again urge the United States to immediately retract its wrong decision and create necessary conditions for bringing the bilateral relationship back on track,” the statement added. (Reuters)
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