China’s economic picture brightens as trade data tops forecasts
China’s 2017 export outlook brightened considerably on Thursday as it reported forecast-beating trade growth in March and US.. President Donald Trump softened his anti-China rhetoric in an abrupt policy shift.
Washington’s improving ties with Beijing were underscored when Trump told the Wall Street Journal in an interview on Wednesday that he would not declare China a currency manipulator as he had pledged to do on his first day in office.
The comments were an about-face from Trump’s campaign promises, which had rattled China and other Asian exporters, and came days after his first meeting with Chinese President Xi Jinping where he pressed China to help rein in North Korea.
China’s exports rose at the fastest pace in a little more than two years in March, climbing 16.4 per cent from a year earlier in a further sign that global demand is picking up, the customs office reported on Thursday.
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