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'Not seeking trade imbalance': China releases white paper on trade with US

Business Standard LogoBusiness Standard1w ago

'Not seeking trade imbalance': China releases white paper on trade with US - Business Standard

Quick Summary:

Beijing criticised the revocation of China’s ‘Most Favoured Nation’ (MFN) trade status, which had provided preferential tariff treatment, arguing that this move violates World Trade Organisation (WTO) principles.

Bilateral services trade expanded sevenfold between 2001 and 2023, with the US maintaining a $26.57 billion surplus – driven by sectors such as travel, intellectual property royalties, and transportation.

According to the document, bilateral trade in goods reached $688.28 billion in 2024 – 275 times the volume recorded in 1979, when the two nations established diplomatic relations.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-09 @ 17:29:07 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 977 words

Reading Time: 6 minutes read

Sentences: 43 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 27754947

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 243 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

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Publication Timezone: GMT +5:00

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Publisher ID: #49

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  • URL: https://chronographically.beamstart.com/news/not-seeking-trade-imbalance-china-17442008643511

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