China's trade surplus with the United States hit a record high in 2017

A truck crosses the Friendship Bridge on the Yalu river from Sinuiju North Korea to Dandong Liaoning province China

Truck crosses the Friendship Bridge onthe Yalu river from Sinuiju North Korea to Dandong Liaoning province China Thomson Reuters

Recently, acting Governor of the Far Eastern region Andrei Tarasenko told Sputnik, that the turnover between Russia's Primorsky Territory and China increased by 14 percent or $2.5 billion over the first nine months of 2017.

China is replacing coal-fired boilers with natural gas or electric boilers for winter heating in the north.

"China's economy has been rising in moderation, and imports and exports have continued to increase, achieving double-digit recovery growth rates", Huang said.

It also denied China market economy status and initiated an aggressive new trade action against what it said were unfairly subsidised and dumped imports of Chinese aluminium alloy sheet. That was down 12 percent from November's 9.01 million bpd, the second-highest level on record.

Buying eased in December as refiners and fuel distributors drew on inventories after hefty stockpiling in the previous month, said Seng-Yick Tee, analyst with SIA Energy.

In November, China stopped exporting oil products to North Korea, after the U.N. Security Council that month imposed new caps on trade with North Korea, including limiting oil product shipments.

The import growth was fuelled for the second year in a row by independent refineries as the government allowed more firms to import crude, although some of them were forced to scale back operations as authorities stepped up environmental checks. Total annual oil product exports previous year hit 52.2 million tonnes, up 8 percent over 2016.

Declining oil output at home also contributed to the demand for overseas purchases.

He estimated that, according to the American government's means of calculation - which usually produce higher balance numbers than the Chinese numbers - China's trade surplus against the US may have reached $376 billion in 2017.

Beijing has successfully fended off Trump's campaign rhetoric by making trade concessions, further opening up China's financial markets and signing US$250 billion worth of deals with the USA during the president's Beijing visit in November.

The government is planning to announce GDP data for 2017 next week.

However, exports to the country rose 8.3 percent to $3.34 billion.

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