Tag Archives: import

China influencing world economy

China is becoming more of an influence on the world economy as the country becomes a major trading partner for many nations and a growing source of foreign direct investment, he said on Tuesday at Fitch’s Global Sovereign Conference in New York. Fitch is one of the “big three” US credit ratings agencies, alongside Moody’s Investors Service and Standard & Poor’s.

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Rising steel imports spur calls for action

Steel imports to the United States are increasing, and so are calls from the industry for Washington to take action against overseas competitors.

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US to be largest trade partner

Report suggests two countries further deepen cooperation China and the United States will probably become each other’s largest trade partner by 2022, and China will surpass Canada and Mexico to become the largest importer of US goods by then, said a report released on Tuesday. The report – US-China Economic Relations in the Next 10 […]

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Yuan going strong internationally but challenges ahead

Making the yuan into a fully convertible, internationalized currency has been talked about in China and around the world for more than two decades.  China is forecast to overtake the U.S. to become the world’s largest economy within 20 years. Already, China has a dominant influence on the global economy, and the yuan has become […]

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Manufacturing hits 7-month low

Easing rate of decline suggests stability is near, experts say A key gauge of manufacturing fell to a seven-month low of 50.2 in June, compounding concerns over further slowing of the world’s second-largest economy. The Purchasing Managers’ Index registered a second month of decline, down from 50.4 in May, and also hit its lowest level […]

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China’s taste for foreign foods brings in domestic competitors

Patricia Kontur was surprised when the blueberry export business to China was hit by a sudden slump last year, after five years of consecutive gains. The slump was not caused by shrinking demand but by rising competition in the mainland, said the export program director of the Wild Blueberry Association of North America, which oversees […]

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