Russia-China Trade Up 20.8% in 2017

Russia-China Trade Up 20.8% in 2017

"The next stage is an open economy that focuses on a balance of trade", he said.

The European Union, US and ASEAN remain China's top three trade partners, representing almost 42 percent of the total volume, while trade with Russia, Poland and Kazakhstan saw rapid growth of between 20 and 40 percent due to the new Silk Road scheme.

"If we look at an annual basis then iron ore is at a new annual high", he added, also noting a "10 percent plus pick-up" in aluminum exports for the second month in a row.

"Downside risks remain, in particular from more forceful USA trade restrictions on Chinese exports", Louis Kuijs of Oxford Economics said in a report.

The politically volatile global trade surplus stood at $422.5 billion, down from $486 billion in 2016.

In 2017, China's overall trade surplus came in at $422.5 billion (€350.8 billion), roughly $64 billion less than in the previous year.

However, over the year, that still saw China's trade surplus with the United States swell to $US275.81 billion, the largest on record.

OnePlus to launch flagship phone in 5 months; will feature Snapdragon 845
Huawei CEO Richard Yu even went off script at CES 2018 to slam US carriers for refusing to distribute the company's smartphones. OnePlus recently launched their new OnePlus 5T smartphone and now we have details about their next handset, the OnePlus 6 .

China's economy last year performed better than expected, with most economic indicators showing a positive trend at the end of the year. China's December trade surplus with the US was $25.55 billion, compared to $27.87 billion in November.

However, a plunge of 33 percent in imports from North Korea past year - including a 81.6 percent drop in December - will likely help temper Trump's anger. His administration has slapped anti-dumping tariffs on a range of Chinese imports, such as aluminum and steel, and toughened its stance on Chinese investment in the U.S. The U.S.is expected to release the findings of the investigation soon.

In December, China's exports jumped 10.9% from a year ago to $231.8 billion, down from a 12.3% pace in the previous month.

China's crude oil imports were down 12 percent last month, albeit from near-record levels above 9 million barrels per day in November, weighing on futures prices on Friday.

For 2017, China's imports from North Korea dropped 33 percent to $1.72 billion, the lowest value in at least four years.

"Export growth declined slightly last month but remained healthy".

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