NVIDIA to boost H20 chip sales to China
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The rate, which slightly exceeded the 5.1 per cent average estimate from analysts polled by Reuters, positions Beijing to hit its full-year target of about 5 per cent. It shows how China has been able to keep growth on track through exports and investment even as it struggles with weak demand at home.
How, then, to explain the resilience of China’s exports in the turmoil of the global trade war? Some companies have been “front-loading”, or shipping extra goods to America, on fears that the truce will not hold and levies will increase further later.
The new restrictions will limit exports of technologies crucial for producing EV batteries and processing their raw materials.
China's trade surplus surged in June, which analysts have attributed to exporters rushing to ship products before U.S. tariffs recommence.
China has reported its exports accelerated in June as a reprieve on U.S. tariffs prompted a rush of orders by companies and consumers.
Chinese state firm employee Zhang Jinming makes up for a 24% cut to his salary by delivering food for three hours every night after work and on weekends - and hopes he can avoid awkward encounters with colleagues.
3don MSN
China's exports beat expectations in June as businesses continued to rush out shipments to capitalize on a temporary tariff reprieve ahead of an August deadline.Exports jumped 5.8% in June in U.S. dollar terms from a year earlier,