United States to receive American soldiers remains in coming weeks: Mike Pompeo
Deadly Fire Shuts Down Key Route to Yosemite National Park
Trump's siding with Russian Federation draws condemnation and concern from both parties
Moscow slams USA over arrest of Russian agent
Putin arrives in Helsinki late for Trump meeting
China's Exports Grow Less Than Forecast; Imports Growth Tops Expectations
13 October 2017, 04:07 | Devin Moran
GETTYNorth Korea say'The sanctions are a brutal criminal act
Trade figures in dollars will be released later in the day. China's exports to North Korea dropped a more modest 6.7 per cent in September, Huang Songping, spokesman for the customs department, told a news conference.
The politically volatile surplus with the United States was $28.1 billion.
Exports climbed 8.1% year-over-year in September, data from the General Administration of Customs showed Friday.
The world's second biggest economy recorded a trade surplus of CNY193 billion (USD29.3 billion), down from CNY 286.5 billion in August.
The upbeat readings will be welcome new for Beijing ahead of a twice-a-decade Communist Party Congress next week, at which President Xi Jinping is expected to tighten his grip on power and set out the government's top political and economic priorities for the next five years. The rise beat the poll's forecast for a 15% gain.
In renminbi terms, exports advanced 9% and imports grew 19.5% in September.
In addition to pointing to still robust demand, some of the surge in September imports may be due to companies "front loading" supplies ahead of a week-long national holiday in early October, analysts said.
As result, the trade surplus totaled USD28.47 billion in September versus the expected level of USD38.0 billion.
Export growth was unexpectedly strong in the first half of the year, a positive sign for Chinese leaders who want to avoid job losses in trade-related industries as they try to nurture consumer-led economic growth.
It was a better performance than August, when exports rose 5.5 per cent and imports were up 13.3 per cent. "Today's figures suggest that not only has strong foreign demand continued to prop up manufacturing activity in China but domestic demand remains resilient too", Capital Economics says in note.
China accounts for roughly 85 per cent of North Korea's external trade and is seen by many as the key to forcing Pyongyang to at least freeze its nuclear and missile programmes. The customs agency said it will publish details its trade in specific products with North Korea on Oct 23.
Investment banking gains drives Citi's quarterly results
FILE PHOTO: A view of the exterior of the Citibank Corporate headquarters in the Manhattan borough of New York City, May 20, 2015. Bank of America Corp and Wells Fargo & Co, the second- and third-biggest US banks by assets, are due to report results on Friday.
GOP US Sen. Collins won't run for ME governor
Her decision will likely free more gubernatorial candidates who have been waiting on the sidelines to enter the race. Senate in 1996, and she has remained as one of Maine's representatives in Washington, D.C. since then.
SCA upholds High Court decision on Zuma charges
Legal expert Ulrich Roux said the court's decision means it was now the NPA's prerogative to reinstitute the charges against Zuma. Mpshe also wrongly invoked and relied on section 179 (d) of the Constitution when he made the decision, said Justice Leach.
Trump warns federal help for Puerto Rico not open-ended
Officials in Puerto Rico have said it could take $5 billion to get the island's electrical infrastructure up and running again. House Speaker Paul Ryan will lead a bipartisan delegation visiting Puerto Rico on Friday, according to the speaker's office.
Russia Tried to Use Pokémon Go to Sew Discord in America
This "contest" required people to take screen shots from their phone and share over other social networks, not within our game. Questions should be raised if CNN may have created the page themselves and then "discovered" it simply to report on it.
The New Mutants trailer mixes superpowers, scares
Filming on New Mutants wrapped earlier this fall, so it was only a matter of time until the film's first trailer dropped. Still, it's atmospheric and much different than anything we've seen from Marvel or the X-Men film franchise to date.