China's trade surplus is on track to hit a fresh record this year, increasingly leaving it on a collision course with some of the world's biggest economies by aggravating an imbalance in global commerce that risks provoking President-elect Donald Trump.
The difference between Chinese exports and imports is set to reach almost $1 trillion if it continues to widen at the same pace as it has in the year to date, according to Bloomberg calculations. The goods trade surplus soared to $785 billion in the first 10 months, according to data released last week, the highest on record for that period and an increase of almost 16 per cent from 2023.
"With Chinese export prices still falling, export volume growth was enormous," Brad Setser, senior fellow at the Council on Foreign Relations, said on X. "The overall story is of an economy that is again growing off exports."
هذه القصة مأخوذة من طبعة November 12, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة November 12, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
India may become global leader in 5G FWA mkt by 2027
India is expected to become the world's largest 5G fixed wireless access (FWA) market by 2027 with over 30 million subscribers and overtake the US, the current global leader with 15 million subscribers, according to Counterpoint Research.
Crypto or not: Industry to focus on user protection, licensing regime
A consultation paper on the crypto sector is expected to suggest clarity on regulations after WazirX breach, says CoinSwitch co-founder
Pant, Iyers knock it out of the park
IPL Mega Auction: Star wicket-keeper most expensive player at ₹27 cr; Shreyas, Venkatesh bag hefty pay cheques
Eastern states are country's growth engine, says Modi
Prime Minister Narendra Modi asserted on Sunday that his government considers India's eastern region as the country's growth engine, while the area was considered backward earlier.
The other side of financialisation
There's been a dramatic rise in loans against gold in the past one year, but growth in unsecured loans is slowing. Bank loans to the NBFC sector have also dipped
Demand for super top-up health insurance plans rises after Covid
Demand for super top-up plans in health insurance has increased significantly post the Covid-19 pandemic, owing to a rise in medical costs and increased insurance awareness in the country, industry insiders have said.
Countdown to Feb 1 begins
FY26 Budget will come only six months after the last one, but has all the signs of becoming a hallmark document
Greening AI for sustainable computing
Technologies are providing solutions to many business and social problems. However, the solution itself is becoming a problem for climate action.
Agentic AI: The next frontier
A new iteration of AI is now taking the world by surprise. Agentic AI can take its own decisions. ARYAMAN GUPTA & SHIVANI SHINDE report
Visit developer's past projects to evaluate service standards
Renting temporarily can be useful to assess suitability before committing to purchase