Chinese officials expect the country's exports to slow next year and trade surplus to narrow as the government comes under pressure to increase its imports.
Apple’s iPhone has been widening US trade deficit with China even though it is entirely designed and owned by an American company, says a study.
US trade deficit declined sharply in October to reach a nine-month low as exports rose, the US commerce department said on Friday.
China’s trade surplus rose in November raising fresh fears about renewed criticism from the US and Europe over Beijing’s currency policy.
As countries like China and Russia phase out the usage of U.S. dollars for international trade -- including but not limited to oil trade -- its status as the world's reserve currency will continue to slide.
China and Russia announced on Tuesday to renounce US dollar and use their domestic currencies in bilateral trade.
More monetary tightening is expected in China by the end of the year, as the surging loan growth raises more concerns than food price inflation, says a research report.
Jim Rogers speaks to IBTimes about the Chinese economy, the yuan policy, and the demise of General Motors.
