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  7. China trade surplus with US reaches record $34.1 billion

China trade surplus with US reaches record $34.1 billion

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13 Oct 2018 06:49 #365684 by chairman
Chinese exports to the United States have at least temporarily defied forecasts they would weaken after being hit by punitive tariffs of up to 25 percent in a fight over American complaints about Beijing's technology policy.

"Exports continued to defy U.S. tariffs last month but imports struggled in the face of cooling domestic demand," said Julian Evans-Pritchard of Capital Economics in a report. "We expect both to soften in the coming quarters."

September marked the second straight record Chinese monthly trade surplus with the United States after August's $31 billion.
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