Free Trial

China Trade Boom Shows Economy Wins over Politics: Times

CHINA PRESS
MNI (Singapore)

China's surging imports and exports last month showed the laws of economics are stronger than the will of U.S. politicians who advocate decoupling, and that its manufacturing cannot be suppressed by increasing tariffs, the Global Times said in an editorial. Exports to the U.S. rose 38.9% in the first five months while trade with India expanded by 70%, despite strained political relations, the newspaper said. China has become the most stable global production center as other capacities and commodities became more volatile, the newspaper said. If countries weaken cooperation with China for political purposes, they will only give away opportunities to others and incur more losses, the newspaper said.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.