On the other hand, the National Bureau of Statistics of China has reported that the real growth of value added by the industrial sector in 2018 was 6.2%, with an expansion rate of 6.2% in the case of companies and a fall of 1.2 percent among the companies owned collectively, while the production of companies whose capital is divided into shares has increased by 6.6% and 4.8% in the case of firms founded by foreigners in Hong Kong, Macao and Taiwan. By sectors, the value added by the mining sector in 2018 has grown 2.3% February 2019 Calendar South Africa, while in the case of manufacturing it was 6.5% and production by public utility companies grew by 9.9% . In the case of high-tech manufactures and equipment manufactures, production increased 11.7 percent annually and 8.1 percent respectively. On the other hand, the index corresponding to the activity of the services sector has experienced an annual increase of 7.7% in 2018, with an expansion of 7.3 percent in the month of December.
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In turn, the value of commercial exchanges in 2018 has reached a record 30.5 trillion yuan (3.95 trillion euros), 9.7% more than a year earlier, with an annual growth of exports from 7.1 percent to 16.41 trillion yuan (2.12 trillion euros), while imports have added 14.08 trillion yuan (1.82 trillion euros), up 12.9 percent . Thus, the balance of the Chinese trade balance has yielded a surplus of 2.33 trillion yuan (301,529 million euros) in 2018, 18.3 percent below the figure for the previous year.
“Although there are signs of hope for the negotiations between the US and China, we believe that the two parties will only reach agreements on certain issues,” said Iris Pang, ING economist for China after knowing the GDP data of the Asian giant, warning of that the most important topics of the talks, such as intellectual property and technology transfer, are much more February 2019 Calendar South Africa to reach agreements. For this reason, Pang added that “this is why we think that by March 1, 2019, trade negotiations could only result in agreements on trade, but not technology”, who believes that, in this case, there will be a growing number of developed economies, or even emerging ones, that will try to veto the use of electronic components manufactured in China, which will damage the production of the Chinese electronic sector and will cause the prices of these devices to fall in the country, increasing the risks of debt default .