China’s foreign trade has passed the most difficult period
China Customs announced that the US dollar-denominated exports in June increased by 0.5% year-on-year, which was better than market expectations of a 1.5% decline, and the previous value fell by 3.3%. As for imports, it also increased by 2.7% year-on-year, which was significantly higher than the market’s expected decline of 10%, and the previous value fell by 17%. The mainland’s foreign trade performance was better than market expectations, and both imports and exports saw a rise, driving a trade surplus of US$46.42 billion in June, which reflects that China’s foreign trade has passed the most difficult period. In addition, the General Administration of Customs of the Mainland stated that in the first half of this year, China’s exports to the United States fell by 8.1%, while imports from the United States fell by 1.5%, and the overall trade surplus of the two sides decreased by 10.8%. Both China and the United States should create conditions and atmosphere, and their comments reflect that the Sino-US trade agreement is being implemented.
Britain decides not to use China Telecom to build 5G network
The British government decided not to use Chinese telecommunications providers to build its 5G network. The decision is believed to be retaliated by Beijing. It is understandable that Britain chose to follow the United States politically. But in the face of Brexit, when the UK desperately needs to find a new trading partner, it loses the huge market of China, which is really detrimental to the British economic prospects.
Z. com Bullion is an affiliate of GMO Financial Holdings, Inc., a Japanese listed group. The risk of loss in leveraged foreign exchange trading & margin trading can be substantial. Visit the company website to read full risk warning. https://bullion.z.com/en/about/legal/risk/
場外式黃金/白銀交易由 Max Online 提供。場外式黃金/白銀交易涉及高度風險,未必適合所有投資者。高度的槓桿可為閣下帶來負面或正面的影響。場外式黃金/白銀並非受證券及期貨事務監察委員會(「證監會」)監管,因此買賣場外式黃金/白銀將不會受到證監會所頒布的規則或規例所約束,包括(但不限於)客戶款項規則。閣下在決定買賣場外式黃金/白銀之前應審慎考慮自己的投資目標、交易經驗以及風險接受程度。可能出現的情況包括蒙受部分或全部初始投資額的損失,或在極端情況下(例如相關市場跳空)產生更多的損失。因此,閣下不應將無法承受損失的資金用於投資。投資應知悉買賣場外式黃金/白銀有關的一切風險,如有需要,請向獨立財務顧問尋求意見。