China, trade surplus
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China should increase imports and settle them in the yuan to balance its foreign trade, a move a former central bank adviser says will boost the Chinese currency’s usage globally.
China's imports of soybeans, crude oil and iron ore rose in November from a year earlier, while those of unwrought copper and coal fell, customs data showed on Monday.
The historic milestone comes as China adds high-end manufacturing strength to its established dominance in lower-end goods.
China’s independent oil refiners are boosting their intake of Iranian crude from onshore tanks and ships idling at sea after Beijing issued a fresh round of import quotas late last month.
The head of the International Monetary Fund has urged China to fix its economic imbalances, saying the country of 1.4 billion people is too big to rely on exports for its growth.
China's soybean imports reached their highest November level since 2021, a Reuters calculation based on customs data showed on Monday, with full-year arrivals set for a record amid strong purchases from South America and a US trade truce.
The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.
BEIJING, Dec 8 () - China's exports topped forecasts in November, buoyed by a boost from a tariff truce with the U. even as weak factory activity and vanishing returns from front-loading point to a challenging 2026.
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Trump approves export of advanced chips to China that DOJ says would be national security threat
Allow the sale or ban their export? The new export allowances for advanced NVIDIA processors have raised criticism from both Congress and China experts who see a contradiction in policy.
FOX Business’ Grady Trimble reports on President Donald Trump approving Nvidia AI chip sales to China and the debate over security risks and U.S. tech dominance.