The world’s second-largest economy extended its impressive trade performance in April, with exports unexpectedly accelerating and import growth hitting a decade high.
Foreign trade deficit shrinks by 14.2 percent year-on-year, dropping to $4.7 billion from $5.5 billion, says Trade Minister Ruhsar Pekcan.
Trade gap narrowed by 28.4 percent and annual tourism revenue surged 12.3 percent in 2018, figures released by statistical authority and tourism ministry say.
US President Donald Trump has upped the ante on China as his administration may be about to slap tariffs of up to 25 percent on an additional $200 billion in Chinese goods.
The government credits its food subsidy programme for the dramatic turn around, saying the ban to buy grain from abroad has been put in place to protect local farmers.
Cut off from getting supplies from the UAE and Saudi Arabia, Qatar's businesses are looking elsewhere to do their business, with some saying they can no longer trust their former trading partners.
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