The United States has a huge service trade surplus with China, and the gap has been widening.
The US economy totaled about .41 trillion in 2018. That means a decline in consumer spending won't be an apocalyptic event — except to those who personally experience cutbacks.
The US-based brokerage said 25 more central banks may go in for rate cuts by the end of the second quarter. Most of the G4(US, EU, UK and Japan) central banks have returned to the quantitative easing path.
The U.S. Senate on Thursday agreed to a resolution which claimed that the responsibility for identifying a future 15th Dalai Lama only rest with officials of the 14th Dalai Lama's private office and any interference from the Chinese government is invalid.
The US government's decision to add eight Chinese technology companies to its "Entity List" will hurt the interests of their suppliers in the United States and hamper global cooperation on artificial intelligence, analysts said on Tuesday.
The United States led consumer spending on Chinese games during this period, while Southeast Asia reported the highest number of downloads of Chinese games.
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The UK is scheduled to withdraw from the 28-member bloc at the end of March 2019, following the outcome of a referendum on the issue in 2016, but with time running out, British Prime Minister Theresa May's government and EU negotiators still appear far apart on the exit terms, leading to fears of a so-called "Hard Brexit" with potentially huge economic implications.
The US Federal Reserve’s announcement on Wednesday to leave interest rates at current levels while being “patient” about future increases is expected to steady the nation’s economy.
The US came closest to using atomic weapons again in April 1951, when Truman fired MacArthur, Cumings said. Although much related to this episode is still classified, it is now clear that Truman did not remove MacArthur simply because of his repeated insubordination, but because he also wanted a reliable commander on the scene should Washington decide to use nuclear weapons.
The Turkish side has so far booked a space of 600 square meters in the CIIE exhibition areas for textiles, medical equipment, electronics and appliances.