America has imposed sanctions against 37 Chinese companies

The U.S. Department of Commerce has added 26 Chinese firms to its blacklist due to their involvement in supplying prohibited goods to Russia.

Another eight were restricted due to an incident involving a Chinese aerostat that entered American airspace. Sanctions also affected three companies involved in programs to create similar aerostats.

China's exports returned to growth in April, boosting the economy

In dollar terms, exports increased by 1.5% compared to the previous year, while imports grew by 8.4%. Economists had forecasted a smaller growth. These indicators are expected to remain positive in the coming months, as there was a downturn in the middle of last year. The data confirm an increase in global demand, which supports economic growth within China. Sales abroad are crucial while household consumer spending remains weak.

Other trade leaders in Asia also saw an increase in foreign trade due to strong demand in the U.S. South Korea's exports grew by nearly 14%, and Taiwan reported a record level of shipments to the U.S. Meanwhile, China increased its exports to Southeast Asia, but not to the U.S. and EU. In imports, supplies to China from the U.S., South Korea, Taiwan, the Netherlands, and Russia grew by more than 10%.

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