#China&039;s Commerce Ministry

[techmaqofficial]

China to Expand Testing of a Digital Currency

China to Expand Testing of a Digital Currency

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HONG KONG—China’s Commerce Ministry said it would expand a pilot program for its digital currency to include a number of large cities, advancing a pioneering initiative by a major central bank to launch an electronic payment system.

The digital currency pilot program will cover much of China’s most prosperous regions, the Commerce Ministry said Friday: the capital Beijing and nearby…

[atscorpsblog]

India’s exports rise 52.39% to $7.1 bn in first week of June

India’s exports rise 52.39% to $7.1 bn in first week of June

Mainly due to healthy growth in shipments in sectors including engineering, gems and jewellery and petroleum products, says Ministry data India’s exports grew by 52.39 per cent to $7.71 billion during the first week of this month on account of healthy growth in shipments in sectors including engineering, gems and jewellery and petroleum products, according to preliminary data of the Commerce…

[googletrends-blog]

China Agrees to Buy More U.S. Goods and Services

China Agrees to Buy More U.S. Goods and Services

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Updated May 18, 2018 8:53 p.m. ET

The U.S. and China wrapped up a second day of talks with Beijing agreeing to buy more U.S. goods and services but resisting demands that it slash by more than half the vast trade deficit, according to people briefed on the talks.

The Chinese were wary of committing to specific purchases, said the people, but were looking for a way to ease…

[newssplashy]

Finance: Dow tumbles as many as 700 points amid mounting trade war fears

A disappointing jobs report didn't help stocks either.

Stocks got smoked Friday as fears of a trade war spiked.

The Dow fell as much as 700 points before finishing the day down 2.2%

You can track the Dow Jones industrial average in real-time here.

US stocks tumbled Friday, with the Dow Jones industrial average falling more than 700 points, or about 3% at its lowest point, as fears of a global trade war continued to mount. Here's how all three major indices finished the day:

Dow Jones: 23,933 (-571 points or 2.33%)

S&P 500: 2,604 (-58 points of 2.20%)

Nasdaq: 6,926 (-150 points of 2.12%)

President Donald Trump said Thursday that "in light of China's unfair retaliation" to proposed US tariffs on $50 billion worth of imports from the country, he had instructed the office of the US Trade Representative to "consider whether $100 billion of additional tariffs would be appropriate."

Responding on Friday, China's Ministry of Commerce said it would immediately retaliate if the US imposed the sanctions. It said it would not rule out any options.

To make things worse, the US economy added fewer jobs than expected in March, according to a government report released Friday morning. The economy saw the addition 103,000 nonfarm jobs as the unemployment rate held at 4.1%, its lowest since 2000.

Industrial stocks were some of the hardest hit among the Dow's 30 components, with Caterpillar, Boeing, and General Electric all down more than 3%. Outside of the Dow, US Steel also took a somewhat counterintuitive nosedive, despite the possible boost from metals tariffs.

The tech-heavy Nasdaq was dragged down by Amazon, which continued to fall after another attack by Trump. Facebook also slumped as the company remained embroiled in the data privacy scandal surrounding the firm Cambridge Analytica.

Outside of equity markets, the US 10-year yield declined five basis points, to 2.78% and West Texas benchmark crude oil fell 2.47% to $61.97 per barrel.

source https://www.newssplashy.com/2018/04/finance-dow-tumbles-as-many-as-700.html

[customstoday]

China to achieve stable export growth in 2015: Commerce Ministry

China to achieve stable export growth in 2015: Commerce Ministry

BEIJING: China’s Commerce Ministry is confident that China will achieve stable export growth this year. Trade data released on Monday showed exports falling 15 percent on the year, the worst performance for March since 2009 during the depths of the financial crisis.