Lew Calls on Trade-Surplus Nations to Bolster Consumer Demand
Speaking in Berlin, U.S. Treasury Secretary Jack Lew on Tuesday urged countries with a trade surplus to introduce policies to help domestic consumption.
trade surplus
IMF Says China's Economy Has Managed a 'Soft Landing'
China has achieved a "soft landing" in its economic slowdown, the IMF says, while cautioning that more sweeping reforms are needed to ensure healthy growth in the longer term.
China's Trade Growth Slips Amid Global Economic Slump
China's trade growth plunged in June, hurt by weak U.S. and European demand and a Chinese slowdown, with a potential impact on economies as far-flung as Africa and Australia.
China's Economic Slowdown Foreshadows Trouble for the U.S.
China's economy, the turbocharged engine of world growth, is starting to sputter. From a competitive standpoint, that may feel like good news, but what happens in Beijing doesn't stay in Beijing: The U.S. economy is inextricably linked to China's.
U.S. Trade Deficit Shrinks as Exports Hit Two-Year High
Aided by a decline in imports and a two-year high in exports, the U.S. trade deficit unexpectedly plunged 5.3% in September to $44 billion. Strong commercial airline orders helped boost the export total. Further, if the dollar remains at present levels, that will likely lead to more export gains in the months ahead -- something that will boost the revenue of many U.S. corporations with substantial international customers.
China's Trade Surplus Soars Again
China's trade surplus rose 140% in June from a year earlier, to $20.02 billion, primarily due to an increase in exports. That set off rumbling in Congress about the need to do something about China's currency, kept artificially low to boost its exports.
Rising Exports Shrink Trade Gap
The nation's trade deficit unexpectedly plunged to $32.9 billion in October, as exports -- aided by the weaker dollar -- rose for the sixth straight month, the U.S. Commerce Department announced Thursday.
