Sales of Chinese developers up 33 pct in Q1

Sales of Chinese developers up 33 pct in Q1

Sales of Chinese developers up 33 pct in Q1

China's average annual growth was 7.2 percent in 2013-2016 calculated with 2010 US dollar prices, noticeably faster than 2.1 percent for the United States, 1.2 percent for the eurozone, 1.1 percent for Japan and 2.7 percent world growth in the same period.

The latest readings on the health of China's trade sector follow weeks of tit-for-tat tariff threats by Washington and Beijing, sparked by USA frustration with China's massive bilateral trade surplus and intellectual property policies, that have fueled fears of a global trade war.

Xi, clad in camouflage military fatigues, observed 48 vessels, 76 aircraft and more than 10,000 service personnel at the South China Sea naval hub of Sanya, including the aircraft carrier Liaoning, the official Xinhua News Agency said.

Whatever the outcome, Xi's announcement was good news in that it seems to reflect a reluctance to engage in a tariff war.

The planned live-fire exercises follow a massive show of force by the PLA Navy on April 10 and 11, which conducted the country's largest military drills ever in the South China Sea.

China's March trade surplus with the USA fell to $15.32 billion, according to Reuters calculations based on official data, compared with $20.96 billion for February.

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Calculated with exchange rates of respective years, China's GDP accounted for 14.8 percent of the world economy in 2016, up from 12.5 percent in 2013. China exported US$137.8 billion worth of high-tech products in the first quarter, up 20.5 per cent on-year.

That came after Chinese President Xi Jinping last month delivered a strongly nationalistic speech in which he vowed to protect "every inch" of China's territory.

India also slammed the U.S. for its "protectionist" trade policies, saying the "unseemly" practice has hurt the world's economic recovery. "We hope that the U.S. will listen patiently to rational and pragmatic voices on the trade balance issue".

"We hope both China and the United States can solve the disputes with wisdom and respect", Huang Songping, a spokesman for the customs administration, said last Friday at a briefing in Beijing.

Chau says he is now considering building a warehouse in Malaysia, Vietnam or Thailand, where he could ship his goods for re-export, or he talks of setting up a small factory in a South-east Asian country to avoid the increased tariffs altogether. "But this is actually marred and disrupted by some unseemly protectionist noises that are coming out of the Atlantic basin, North America, and Europe", Kumar said in an oblique reference to China. They were among changes Trump had sought.

China's response Friday appeared to be aimed at increasing domestic USA pressure on Trump by making clear which exporters, including farm areas that voted for him in 2016, might be hurt.

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"Dangal has been a great success in China and if that is so we would like to expose the Chinese population to some more Indian movies".

The navy began three days of exercises off Hainan on Wednesday, but ended them a day early on Thursday, the provincial maritime safety administration said.

"The business community worries about escalation of trade tensions, this idea of tit-for-tat that has characterized the past couple of weeks has been troubling", said Jake Colvin, vice president of the National Foreign Trade Council, a pro-trade business group.

"We put a $50 billion tariff on, and then we put $100 billion tariff on".

That produced a trade deficit of US$4.98 billion for the month, but such shortfalls are not uncommon for China early in the year, likely due to seasonal factors.

The threatened levies would dent economic growth on both sides of the Pacific, analysts say.

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