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Last year, China was the biggest importer of goods into the Philippines with a total value of US$29.4 billion, according to the Philippine Statistics Authority. The Philippines exported almost US$11 billion of goods to China over the same year, indicating that the Southeast Asian country ran a trade deficit of about US$18 billion with its neighbour.
China’s exports rose in May at the quickest pace in more than a year, the government said on Friday, as a flood of appliances, cars and electronics poured out of factories and the prospect of a global backlash grew.
Hong Kong will no longer shut down its stock market during severe weather conditions, according to a Bloomberg report citing people familiar with the matter.
The Southeast Asian nation is already a major cog in the global supply chain, feeding about 13 per cent of demand in the packaging and testing space.
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Russia's annual economic forum in St. Petersburg used to be known as the country's "Davos" in a nod to the World Economic Forum that's held in Switzerland every year.
U.S. stock futures opened little changed on Thursday as investors geared up for Friday morning's nonfarm payrolls report.
HONG KONG (AP) — China’s exports for May beat analyst expectations despite trade tensions, though imports shrank, according to customs data released Friday.