China's March trade balance weakens

China's President Xi Jinping is seen in this

"Xi dropped the hot rhetoric of the past week that the Chinese will "fight to the end" to maintain their trade restrictions, but today, he has offered new areas for American investment in China that were previously closed".

He also said "Cold War mentality" and arrogance had become obsolete and would be repudiated.

In local currency terms, Chinese export growth slowed from a 36.2% year-on-year clip for February to -9.8% in March (consensus: +8.0%), according to the customs administration, although import volumes held-up better, rising by 5.9% year-on-year after a dip of 0.2% in the month before (consensus: 7.5%).

Tesla's Chief Executive Elon Musk has railed against an unequal playing field in China and wants to retain full ownership over a manufacturing facility the company is in talks to build there.

"This transit in the South China Sea is nothing new in our planning cycle or in a reaction to that. Avoiding a trade war will benefit all countries", Musk tweeted after Xi's speech. Other issues have involved intellectual property rights infringements.

"Xie was among them who was confirmed to be safe and secure", he said.

India's merchandise exports in March fell 0.7 per cent year-on-year to $29.1 billion, and the trade deficit widened to $13.7 billion due to a surge in imports, government data showed on Friday.

Brazil is China's main partner in the Portuguese-speaking bloc, with trade of US$14.49 billion.

Though MGM Resorts is a significant presence on Hainan's seafront, resident business owners believe that a national approach to gambling legislation is well timed to key in with Xi's vision of a world-leading Chinese economy.

In a move to further force China to lower the billions of goods trade surplus running with the US, Trump unveiled tariff representing about US$50 billion of technology, transport and medical products early this month, drawing an immediate threat of retaliatory action from Beijing.

Chinese officials deny such charges, and responded within hours of Trump's announcement of tariffs with their own proposed commensurate duties. None of the announced duties have been implemented yet, offering room for negotiation.

Calling for the relevant parties to return to the framework of worldwide law and resolve the Syria issue through dialogue and negotiation, Chinese foreign ministry spokesperson Hua Chunying said Beijing is opposed the use of force.



Other news