Purchases from Taiwan jumped 35.8%, while imports from Japan and South Korea rose 13.4% and 17.2% respectively. Xi is slated to outline his latest policies Wednesday in a speech in Shenzhen to mark to 40th anniversary of the city’s establishment as a special economic zone. Supply Lines is a daily newsletter that tracks Covid-19’s impact on trade. We expect imports to continue to register year-on-year growth, though the pace may slow.”. Sign up here, and subscribe to our Covid-19 podcast for the latest news and analysis on the pandemic. A lawyer for Meng Wanzhou is accusing an RCMP officer of lying about why he didn't arrest the Huawei executive immediately at Vancouver's airport two years ago. Did China 'stall' critical COVID-19 details at the outbreak's start? The World Trade Organization expects global merchandise trade to fall by 9.2% this year from 2019, compared with the 12.9% drop projected in April. Li Kuiwen, a spokesperson for the General Administration of Customs, told reporters that China’s overall share of world trade hit a record in the seven months to July, citing demand that included health-care equipment and technology. Geopolitical tensions were probably one reason for the imports bump as technology firms stockpiled key components ahead of the imposition of sanctions on telecommunications firm Huawei Technologies Co. Explainer: What's China's roadmap for the next 15 years? “Renewed virus outbreaks in trading partners will be a challenge, but shipments of products benefiting from virus-related demand should continue to hold up,” said Louis Kuijs, an economist at Oxford Economics. Comments on 75th anniversary of Taiwan's return. The pick-up in China’s imports also suggests a steady domestic recovery is gaining traction, a view that was further bolstered by data released Tuesday showing demand for cars continues to go from strength to strength with deliveries of sedans, SUVs, minivans and multipurpose vehicles jumping 7.4% in September from a year earlier. China remains the lone major economy estimated to expand, with 1.9% projected growth this year and an 8.2% boom in 2021. For now, the picture is upbeat. China's export share in global trade gained amid pandemic. Wir erheben personenbezogene Daten und übermitteln diese auch an Drittanbieter, die uns helfen, unser Webangebot zu verbessern und zu finanzieren. You can change your cookie settings through your browser. For all the tariffs levied by the Trump administration, monthly sales to the U.S. remain robust. The question is whether this is as good as it gets given the resurgent virus in Europe and elsewhere that threatens another cycle of stop-start economic activity that will complicate the global recovery. 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Anzeigen und Inhalte können basierend auf einem Profil personalisiert werden. In a sweep through China’s southern manufacturing powerhouse of Guangdong, President Xi Jinping urged a greater focus on quality to overcome increased global uncertainty and doubled down on a message of “self-reliance”. China videos and latest news articles; GlobalNews.ca your source for the latest news on China . China’s current account is now firmly back in surplus after a brief flirtation with deficit, a long-standing imbalance often criticized for its global ramifications. Surging global demand for everything from hazmat suits to work-from-home technology has allowed China, which contained the virus months ago, to capture record market share of global exports by quickly reopening its factories while the rest of the world grappled with lockdowns. “Looking ahead, we expect exports to continue to pick up on a year-on-year basis in the months ahead. CIIE2019: Which exhibition are you most interested in? 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That vulnerability is spurring China’s government to push for self reliance in critical areas of the economy. “Currently, we are experiencing changes unseen in a century, and we need to set ourselves on a path to higher quality self-reliance,” Xi told workers at a Shenzhen factory that makes advanced ceramics for most major Chinese mobile phone makers. Have a confidential tip for our reporters? Global Times, an English-language Chinese newspaper under the People's Daily The mass departure would leave Hong Kong's legislature with only pro-Beijing lawmakers, who already make up a majority but would be able to pass bills favoured by Beijing without much opposition. Zustimmung jederzeit über den Link Privacy Einstellungen am Ende jeder Seite widerrufbar. There are other complications too. China is cementing its status as the world’s dominant trading nation, confounding warnings that a once in a century pandemic combined with simmering tensions with the U.S. would derail that status. 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