China’s Commerce Ministry was out with a statement in the last hour, saying that front-loading amongst exporters were not the main drivers for China’s strong trade performance.
Key points:
“¢ Closely monitoring changes in trade conditions.
“¢ Expects to have strong trade next year.
“¢ Will lower costs for importers and exporters.
“¢ Sees strong trade momentum despite rising protectionism.
“¢ Very confident of reaching an agreement on trade with the US in 90 days period.
“¢ High level of consensus reached by China, US.
“¢ Consensus reached with the US on agriculture, energy and cars.
“¢ What has been agreed will be immediately implemented.
“¢ The ultimate goal in the US-China negotiations is to remove all tariffs.
“¢ China, US will continue to negotiate on agriculture, energy, services and other sectors.
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