China's exports in December grew 10.7%, beating estimates amid uncertainty over trade tariffs
Hong Kong (AP/PTI): China's exports in December grew at a faster pace than expected, as factories rushed to fulfill orders amid uncertainty over trade tariffs that could be imposed by US President-elect Donald Trump.
Exports in December grew 10.7% compared to the same period last year, beating estimates of about 7%.
Imports also beat estimates, growing 1%. Analysts expected imports to shrink about 1.5% compared to the same period last year.
Trump has pledged to impose 10% tariffs on Chinese goods and close some loopholes that exporters currently use to sell their products more cheaply in the U.S. If enacted, his plans would likely raise prices in America and squeeze sales and profit margins for Chinese exporters.
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Deeply distressed by loss of lives in Odisha hospital fire incident: President Murmu
New Delhi (PTI): President Droupadi Murmu on Monday condoled the loss of lives in the fire incident at a hospital in Odisha and prayed for a speedy recovery of the injured.
At least ten patients were killed after a major fire erupted in an ICU in Odisha government-run SCB Medical College and Hospital, Cuttack, in the wee hours of Monday, Chief Minister Mohan Charan Majhi said.
"Deeply distressed by the loss of lives in the tragic fire incident at a hospital in Cuttack, Odisha. My heartfelt condolences to the bereaved families. I wish a speedy recovery to those injured," Murmu said in a post on X.
