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WORLD

China trade surplus with US dropped 8.5% to $296 bn in 2019

AFP, Published on 14/01/2020

» BEIJING - China's trade surplus with the United States narrowed last year as the world's two biggest economies exchanged punitive tariffs in a bruising trade war, data showed Tuesday, just as the two prepare to sign a deal dialling down tensions.

BUSINESS

US Treasury removes currency manipulator label on China

AFP, Published on 14/01/2020

» WASHINGTON: The United States on Monday removed the currency manipulator label it imposed on China last summer, in a sign of easing tensions between the two economic powers after nearly two years of conflict.