China-US trade volume surges 36.6% y-o-y to $470b from January to August


Source: globaltimes.cn globaltimes.cn

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Despite frayed bilateral relations, China-US trade volume grew 36.6 percent from January to August compared with last year, Chinese customs statistics revealed on Tuesday . Even though the growth rate was slightly lower compared with the 40-percent-growth in the first seven months, bilateral trade volume still hit $470 billion from January to August with an expert saying the annual bilateral trade is expected to hit a record high by the end of this year, surpassing $700 billion. Following the devastation to supply chains in many countries caused by the coronavirus, China-US trade, involving the world's two largest economies, will drive...