China reduced the share of its exports of goods and services in its GDP from 36% in 2006 to 18.4% in 2019, highlighted an analysis by the European Parliament. Consequently China is now less dependent on exports. However, in 2018, China’s final consumption expenditure as a percentage of
The peso closed the week with a depreciation of 1.89% or 37.3 cents, trading around 20.14 pesos per dollar, being the biggest weekly drop since the week ended September 25, when the peso depreciated 5.70 percent. During the week, the exchange rate touched a minimum of 19.7006 and
The United States imposed countervailing duties on imports of certain metal lockers and their parts originating in China. The Commerce Department (DOC) announced an affirmative preliminary determination in the countervailing duty investigation of these products, after concluding that Chinese exporters received countervailing subsidies at rates ranging from 36.83
The beginning of the imposition of countervailing duties in the world grew 78.1% year-on-year during the period from mid-October 2019 to mid-October 2020. Countervailing duties are applied to goods imported under conditions of subsidy discrimination (subsidies) in their country of origin. The World Trade Organization (WTO) reported that
The World Trade Organization (WTO) reported on Friday that more than 1,000 support measures were put in place in direct response to the pandemic as of mid-October and, together, they were worth several trillion US dollars. The report indicates that the number and variety of support measures implemented
The peso starts the session with a depreciation of 0.66% or 13.3 cents, trading around 20.14 pesos per dollar and touching a maximum of 20.1934 pesos, losing for the third consecutive session and accumulating a weekly decline of 1.91% or 38 cents, the fourth being currency most depreciated