China's Exports Still Growing Thanks To American Consumers Preference over Chinese Products

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Made in China (photo: pexels)
By M. GraceNovember 12th, 2018

China's ministry of commerce said on November 12 that the country's exports to United States are still growing. This is all thanks to the economy and consumer's preference from the US over Chinese products.

"The United States unilaterally provoked economic and trade friction, which not only affects Sino-US trade but has also brought significant uncertainties to the development of global trade and investment," the ministry said, adding that US trade war on China's trade and broad economy will have limited with total risks under control.

China's exports to the US rose 13.3 percent in the first 10 months compared to its rate last year according to China customs data. Moreover, the strong demand for imported products in the United States is the most important factor helping China in selling to US despite the tariffs imposed by Donald Trump.

While China's export is increasing right now, many experts believe that the impact of the trade war will start showing up in the first or second quarter next year.

SCMP reported that "China's trade ministry also said that the country "faces both severe challenges and presents new development potential" next year and that the ministry would work hard to ensure a "steady" trade situation."

Meanwhile, Chinese President Xi Jinping is set to meet Donald Trump at the G20 leaders summit in Argentina next month, in the hope of easing the on-going tensions between the two countries.

 

 

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