Business

10 June 2019; DW: Chinese exports rose 1.1% to $213.8 billion (€188.4 billion) and imports fell 8.5% to $172.2 billion in May, the Chinese customs agency said Monday.

China's trade surplus with the United States widened to a four-month high of $26.89 billion in May according to the data. The figure for April had been $21.01 billion.

Beijing, Jun 9 (PTI) Chinese telecom giant Huawei said it has obtained 46 commercial 5G contracts so far in 30 countries and shipped more than one lakh 5G stations globally, emerging as a top player in the race for setting up the super-fast telecommunications system despite the US ban on use of its 5G services.

The Shenzhen-headquartered firm, which is under immense pressure after the US issued the ban warning that Huawei systems could be manipulated by Beijing to spy on other countries and disrupt critical communications, made the announcement on Thursday in a press statement.

Washington, June 10 (AFP) The photo of Donald Trump and his French counterpart Emmanuel Macron planting an oak tree in the garden of the White House symbolized the friendship shown by the two leaders.

But relations between them have since frayed -- over issues ranging from Iran to trade -- and the tree, a diplomatic source said this week, did not survive.

Beijing, Jun 10 (PTI) Describing Prime Minister Narendra Modi and President Xi Jinping as "good friends", China on Monday hoped that the two leaders would discuss their respective trade frictions with the US and reach a consensus on opposing trade protectionism during their "very important" meeting this week on the sidelines of the SCO summit in Bishkek.

BEIJING, June 9 (Xinhua) -- For years, non-U.S. transnational firms, vying to carve a niche in the global market with cutting-edge technologies or products, often find themselves fronting an opponent far more powerful and brutal than any commercial rival they have ever contested with -- the U.S. government.

MOSCOW, June 10. /TASS/: Sanctions against Russia wreak havoc in international affairs, even a number of the European Union member states are opposing them, but "hesitating" to say it in Brussels, Russian presidential aide Yuri Ushakov told the Primakov Readings international forum of experts, diplomats and decision-makers.

FUKUOKA, Japan (AP) — Finance ministers and central bank chiefs from the Group of 20 major economies wrapped up a meeting in Japan on Sunday with a pledge to use all the policies they can to protect global growth from disruptions due to trade and other tensions.

The G-20 finance leaders said in a joint communique that risks from trade and geopolitical tensions were “intensifying.” They did not refer directly to the tariffs war between the United States and China, though leaders participating in the meetings indicated it was the No. 1 concern.

SINGAPORE (AP) — Asian financial markets advanced Monday after China released better-than-expected trade data for May, though worries remain over trade negotiations between the Washington and Beijing.

Reopening after a market holiday, Hong Kong’s Hang Seng picked up 2.2% to 27,552.09 and the Shanghai Composite index was 1% higher at 2,855.77. Japan’s Nikkei 225 advanced 1.1% to 21,111.38, while the Kospi in South Korea rose 0.9% to 2,091.72. Shares rose in Taiwan and throughout Southeast Asia. Australian markets were closed.

WASHINGTON (AP) — President Donald Trump is bragging about a new deal with Mexico that provides for “large” sales of U.S. farm goods, but it doesn’t appear to exist.

In weekend tweets, he announced in all capital letters that he had won the agreement to benefit America’s “great patriot farmers,” and that U.S. sales would begin “immediately.” There isn’t any sign of that happening, however. Mexican officials denied that anything on agriculture was included in the deal on border security reached Friday to avert Trump’s threatened tariffs.

STERLING, Va. (AP) — With his threatened Mexican tariffs now on the backburner, President Donald Trump was looking to claim victory even as some of his Democratic challengers for the White House criticized him for overselling a deal that mostly ramps up existing efforts.