China imports goods worth 8 trillion USD in the next 5 years

July 12, 2018 7:09 pmComments Off on China imports goods worth 8 trillion USD in the next 5 years
China imports goods worth 8 trillion USD in the next 5 years

China plans to import goods worth 8 trillion USD in the next 5 years and suggests that the Arab countries benefit from this opportunity to develop trade and economic relations. That’s what China’s President Xi Jinping said on the eighth Sino-Arab Cooperation Forum. “We will continue to conduct a policy of openness in relations with other countries, and in this respect China will import goods worth 8 trillion USD in […]

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Germany and China can help in protection against trade conflicts

July 10, 2018 11:47 amComments Off on Germany and China can help in protection against trade conflicts
Germany and China can help in protection against trade conflicts

German Chancellor Angela Merkel said she hopes the upcoming EU-China summit later this month to help protecting investment and prevent further deterioration of global trade conflicts. “I hope that the upcoming EU-China summit in China to bring more progress, for example in investment protection agreements”, said the Chancellor at the economic event in Berlin, attended by Chinese Prime Minister Li Keqiang. Earlier today, the two leaders also had a bilateral […]

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Germany’s trade surplus dropped in May 2018

July 9, 2018 10:38 amComments Off on Germany’s trade surplus dropped in May 2018
Germany’s trade surplus dropped in May 2018

Germany’s trade surplus dropped to 19.7 billion EUR in May compared to 21.8 billion EUR reported in the same month last year, as exports have declined and imports have increased. On a monthly basis, however, exports rose unexpectedly by 1.8%. In May, the Germany’s exports dropped by 1.3% yoy to 109.3 billion EUR. The sales to non-EU countries decreased by 6.4% to 43.4 billion EUR. Meanwhile, however, exports to the […]

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The EU is considering a sectoral agreement with other major car exporters

July 8, 2018 8:22 pmComments Off on The EU is considering a sectoral agreement with other major car exporters
The EU is considering a sectoral agreement with other major car exporters

The European Union considers to initiate tariff talks with other major car exporters in an attempt to prevent a full-scale trade dispute with the United States. According to three diplomats, the European Commission is looking at whether it would be feasible to negotiate a deal with other manufacturers such as the United States, South Korea and Japan. Such a move could at least partially appease the US President Donald Trump, […]

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Retail sales in Germany reported a decline in May

July 5, 2018 11:19 amComments Off on Retail sales in Germany reported a decline in May
Retail sales in Germany reported a decline in May

Retail sales in Germany reported a decline of 2.1% in May over the previous month, according to the Eurostat’s latest data. Overall, Eurozone retail sales remained weaker in May, indicating that rising energy costs are curtailing purchases of other goods and services, threatening to weaken economic growth. According to Eurostat, the retail sales in the Eurozone remained unchanged in May on a monthly basis, with expectations for a minimum growth […]

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