Fikr Aapki: China's exports increased by 25.6 percent in August compared to last year, trade with the US increased despite tariffs
To thwart China's conspiracies and ambitions, as much as it is necessary to surround it on the diplomatic and military front, it is more important than economic barricade. Money is the biggest thing for China, because with the power of that money, it has dreamed of becoming a superpower. China is doing expansionist deceit with the help of money.
Two and a half years ago, when Corona, which came out of China, started wreaking havoc on the world and even during the Corona period, China's nefarious activities did not stop, then many countries of the world including America started inflicting economic injury on China. But the reality is that the world is unable to stop buying goods from China, that is, importing.
China's exports grew by 25.6 percent in August compared to a year ago
According to the latest data, China's exports in August increased by 25.6 percent to $ 294.3 billion from a year earlier. In August, China's exports to the US rose 15.5 percent to $51.7 billion from a year earlier. This has happened when America has increased tariffs on China. Now if we talk about India, in the first four months of the current financial year i.e. from April to July, there was an increase of 66.63 percent in imports from China.
It is clear that the economic front which was opened by the world to force China is not showing success. One of the major reasons for this is that due to trade agreements and globalization, no country can end business relations with China in one stroke. But it can be taught a lesson by reducing imports from China, which was tried by running the Boycott China campaign. Governments took many steps, people boycotted Chinese products. This is true, but the figures that have come are also true and the truth is that China seems to be getting stronger economically.
Despite US tariffs on China, trade with the US increased
China's August exports to the US rose 15.5 percent to $51.7 billion from a year earlier. There was an increase of 13.4 per cent in comparison to July. This has happened when the US increased tariffs on Beijing's technology ambitions. Imports of US goods rose to 33.3 per cent from a 25.5 per cent gain in the previous month. It has reached 14 billion dollars. Significantly, the world was eyeing the trade war between America and China. Tariffs were increased during the tenure of the previous President Donald Trump.