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The Dollar Business Bureau US and China failed to agree on major new steps to reduce US's trade deficit with China, leading to doubts over the economic and security relationship between the two countries. The annual economic session in Washington dubbed by the Trump administration as US-China Comprehensive Economic Dialogue (CED) ended with both the sides refusing to hold news briefs or joint statements with no news announcements on US market access to China. Though both the sides had open and frank talks, they failed to come to a consensus on major bilateral and economic issues that were important for the US. According to Reuters, US had asked for-  major access to China's financial services markets, reduction in China's steel capacity, reduction in auto tarriffs, ...

The Dollar Business Bureau The exports and imports of China increased in the month of April, as foreign and domestic demand weakened and there was a decline in commodity prices. In April, China's exports surged 8% compared to the previous year, missing analysts' predictions, whereas imports expanded 11.9%, an official data revealed on Monday. This has left $38.05 billion of trade surplus for the country in the given month, China’s General Administration of Customs revealed. In March, the country’s exports grew 16.4% and imports rose 20.3%. China's trade surplus in the month of March stood at $23.93 billion. Last week, the Chinese Ministry of Commerce, in its quarterly report, said that the country’s exports and imports are likely to be stabilised and improved in near future. Foreign ...

PTI India became the 12th largest holder of US government securities at the end of 2016, with exposure worth $118.2 billion.With holdings worth $1.09 trillion, Japan remained the largest holder of these securities followed by neighbouring China with exposure to the tune of $1.06 trillion.Latest data available with the US Treasury Department showed that India's holding stood at $118.2 billion in December last, slightly lower than $118.7 billion seen in November.At the end of December 2015, India's exposure was to the tune of $116.8 billion.As per the data, India was the 12th largest holder of these securities. After Japan and China, Ireland was at the third place with holdings worth $288.2 billion, followed by Cayman Islands ($263.5 billion), Brazil ($259.2 billion) ...

The Dollar Business Bureau According to the US India Business Council (USIBC), besides eagerness to invest in India, the American companies are particularly eying at the $1.5 trillion investment opportunity in the infrastructure sector of India. The Government of United States seems to be very eager to invest in India and this willingness of the US became evident in the statements made by the key US officials on Tuesday. Praising the transforming business environment in India, Mukesh Aghi, new president of US India Business Council (USIBC), on Tuesday, stated that ‘India is open and ready for investments and the US is eager to move in’. The president of USIBC, the largest bilateral trade association connecting India and the US, ...