China natural gas imports surge in 2017

China natural gas imports surge in 2017

China benefited from increasing momentum in the wider global economy a year ago: the country's overall exports increased 11 percent, according to government data.

Exports to the United States surged 15 percent in 2017, helping push the country's huge trade surplus with the U.S.to a new record, according to Chinese government data released Friday.

China remains Russia's biggest trade partner in terms of trade turnover.

But total trade surplus in 2017 registered a decline of 14.2 percent, from about $490 billion in 2016.

In December alone, China imported 7.9 million tonnes of natural gas with total value of 19.8 billion yuan (about 3 billion US dollars).

The trade deficit with China is the U.S.'s largest with any trading partner and 2017's is the biggest with China in the almost five decades for which records exist.

Sinopec will take the lead in exploration of liquified natural gas (LNG) in Alaska, according to a deal signed during U.S. President Donald Trump's visit to China past year. "Appetite for imported iron ore from Chinese steel mills remains strong".

Meanwhile China in December exported a record high 6.17 million tonnes of refined fuel, beating the previous peak of 5.79 million tonnes set in November.

Trump Lawyer Arranged $130000 In Hush Money For Porn Star
Clifford said in a January 10 statement, which she signed with her stage name, that neither the affair nor the payoff took place. Cohen said in a response to the newspaper that " President Trump once again vehemently denies any such occurrence as has Ms.

Chinese officials have threatened retaliation for any US penalties in closed-door meetings with American officials and companies. US figures put the 2015 deficit with China at $367 billion.

A day before, the Chinese Commerce Ministry's spokesman sounded a defensive note to reporters about China's trade and said that the "inevitable" frictions should be resolved through negotiation.

ANZ analyst Betty Wang said that even though a broad-based bilateral trade war is "highly unlikely" in 2018, it is possible that the USA will take "unilateral actions on Chinese exports in specific sectors".

China's trade figures don't match USA figures due to different calculation methods.

Compared with a month earlier, exports fell 9.7 percent. Last month marked the first time since mid-2016 that imports grew slower than exports.

However, Kujis of Oxford Economics believes import growth will only soften moderately this year, as the Chinese government has been careful not to let its tightening measures deal blows to the economy.

China's December trade surplus with the USA was $25.55 billion, compared to $27.87 billion in November.

Related Articles

  • Detective Pikachu Release Date For 3DS Announced Alongside New, Huge Amiibo

    Detective Pikachu Release Date For 3DS Announced Alongside New, Huge Amiibo

    While Ryan Reynolds has the role of Detective Pikachu in the upcoming feature film, he's not the voice you hear in the trailer. Detective Pikachu will be released on March 23 through the eShop and retail for $39.99 or your regional equivalent.
    Rain + Cold = Ice is the equation for this weekend

    Rain + Cold = Ice is the equation for this weekend

    We have a multi-faceted, highly impactful 24 hours of weather ahead with flooding rains followed by a flash freeze. Wind chill factors below zero will impact northeast Oklahoma through at least mid morning Friday .
    CES 2018: Why China's Huawei Won't Be Signing a Deal with AT&T

    CES 2018: Why China's Huawei Won't Be Signing a Deal with AT&T

    The refusal is the latest example of a Chinese company struggling to develop its United States business. But according to The Wall Street Journal , the carrier backed out of the deal without any explanation.
  • Morgan Schneiderlin very friendly with Paul Pogba after defeat

    Morgan Schneiderlin very friendly with Paul Pogba after defeat

    Speaking prior to the Everton match, Mourinho told Sky Sports: "I would say a week (out for Lukaku)". You know, it's not Paul's fault that he much more than Paul Scholes .
    California suspect in fatal hoax 911 call sent to Kansas

    California suspect in fatal hoax 911 call sent to Kansas

    The false call made by Barriss is believed to have been the result of an online dispute between two Call of Duty players. Barriss is accused of making a false report that led to the fatal shooting of Andrew Finch.
    Accused Manhattan bomber indicted for NYC subway attack

    Accused Manhattan bomber indicted for NYC subway attack

    Ullah, who immigrated to the United States from Bangladesh in 2011, appeared for a formal arraignment before U.S. Akayed Ullah , a Bangladeshi immigrant, said little during his first appearance in federal court in Manhattan.
  • Brady refutes notion of rift within Patriots

    Brady refutes notion of rift within Patriots

    Since he arrived at Alabama in 2007, his teams have won an unprecedented five national championships in the past nine seasons. On Belichick: "I have a great relationship with Coach Belichick". "I have never denied anybody anything in regards to TB12".
    You are only making America white again - Mahama jabs Trump

    You are only making America white again - Mahama jabs Trump

    As you can see near the end of the video, one of the attendees who stood by Trump as he signed the proclamation, answered her. They don't say Trump didn't say " shithole countries " and make other racist and vulgar remarks.

    Kylie Jenner Is Reportedly in Labor and Giving Birth Right Now

    It is also possible that she has been filming for upcoming episodes of " Keeping Up With the Kardashians ", but you never know. Sources who spoke with Us Weekly said that Kylie is, in fact, pregnant, and is now in good health.
  • South African Zuma to set up anti-graft probe

    South African Zuma to set up anti-graft probe

    Deputy chief justice Raymond Zondo, selected by the chief justice will head the commission, Zuma said in the statement. It is suspected that kickbacks amounting to US$ 411 million were paid in exchange for state contracts.
    Women take the spotlight at Critics' Choice Awards

    Women take the spotlight at Critics' Choice Awards

    HBO's " Big Little Lies " was the top victor Thursday among TV shows with four awards, including best limited series . In the television sphere, " Big Little Lies " and " The Handmaid's Tale " once again took the top honours.
    The NBA's Top Pick Has Been Traded

    The NBA's Top Pick Has Been Traded

    Others think that he’ll continue to use the picks himself and construct a young core that can emerge after the Cavaliers vs. Fultz is an ideal scoring guard to run alongside him, and can also take over point guard duties if the Simmons experiment fails.