Global Economic News: China Now Running A Trade Deficit With The World
- China is now running a global trade deficit. Manufacturing.net reports the country’s deficit with all nations stood at $5 billion as exports declined 2.7 percent amid “a worsening dispute with Washington.” Imports into China increased 14.4 percent. The trade surplus with the European Union shrank and the country’s United States declined 13 percent. The United States’ trade deficit with China now stands at $15.4 billion.