Fikr Aapki: China's exports increased by 25.6 percent in August compared to last year, trade with the US increased despite tariffs

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.

(with language input)


If oil prices do not come down, the pace of economic recovery will decrease: Hardeep Singh Puri

If oil prices do not come down, the pace of economic recovery will decrease: Hardeep Singh Puri

 India on Wednesday warned the world that if oil prices continue to remain high, the recovery in the global economy may be affected. At the same time, it urged Saudi Arabia and other oil producing countries to take steps to reduce prices and ensure supply. Let us tell you that the prices of petrol and diesel in the country have reached an all-time high. Addressing CeraWeek's India Energy Forum, Petroleum Minister Hardeep Singh Puri said that if fuel prices do not come down, the pace of recovery in the world economy will slow down.

In April last year, during the Corona epidemic, the prices of crude oil in the international market came down to $ 19 per barrel due to the decrease in demand due to the lockdown imposed in most countries of the world. Although the demand for oil increased this year due to rapid vaccination happening all over the world, then crude oil climbed to $ 84 per barrel. Puri said that due to the cost of fuel, there is a possibility of rising inflation. He said the country's oil import bill was $8.8 billion in the June 2020 quarter, which has increased to $24 billion this year. The only reason this happens is because of the cost of oil.

The Petroleum Minister said that the government believes that the availability of fuel should not only be continuous but it should also be affordable. The economic recovery has weakened after the devastating pandemic and is further threatened by high oil prices. India imports about two-thirds of its oil requirement from countries in West Asia. Therefore, it has urged OPEC countries that higher oil prices will lead to a rapid move towards alternative fuels, and in such a situation, these high prices will prove to be harmful for the producers only. Puri said he had raised the issue in the recent meetings with Saudi Arabia, UAE, Kuwait, Qatar, the US, Russia and Bahrain.

Petrol and diesel prices hiked again

Two days later, on Wednesday, once again the prices of petrol and diesel were increased by 35 paise per liter. Thus fuel prices have reached an all-time high across the country. After the increase in prices, the price of petrol has reached a record level of Rs 106.19 per liter in Delhi and Rs 112.11 per liter in Mumbai. Whereas in Mumbai, diesel is getting Rs 102.89 per liter. Whereas in the national capital it costs Rs 94.92 per liter. After the increase of 35 paise per liter in vehicle fuel for four consecutive days, their price was not increased on Monday and Tuesday.

After the increase in prices on Wednesday, the price of petrol in all state capitals has gone up to Rs 100 per liter or more. While diesel has touched the level of hundreds in more than a dozen states. In Goa's capital Panaji and Jharkhand's capital Ranchi also, diesel crossed the Rs 100 per liter mark. The costliest fuel is in the border town of Ganganagar in Rajasthan where petrol is available at Rs 118.23 per liter and diesel at Rs 109.04 per litre. For the first time in the international market, the price of crude oil reached $ 84.43 per barrel on Wednesday. It was priced at $73.92 a barrel a month ago.

(with language input)