Chinese Economy Expands; Japan’s Trade Surplus With The United States Grows
- The Chinese economy expanded at a 6.8 percent annualized rate in the first quarter of 2018.
- According to The Associated Press, Japan’s trade surplus with the United States expanded by six percent from March 2017 to March 2018 and now stands at $65 billion. Japan's exports to the United States increased d 0.2 percent year-over-year to $13 billion. Imports rose 0.6 percent to $6.8 billion. Japan’s total trade surplus stood at $23 billion. The AP noted “growing Japanese exports of cars and other machinery offset rising imports of gas, coal and other major products.”