Chinese purchases of US exports fall far behind trade deal pledge
CHINA has purchased less than three-fifths of the US goods projected under the 'phase one' trade deal that paused a tariff dispute between the two countries a year ago, reports London??s Financial Times
26 January 2021 - 19:00
Under the deal, China agreed to buy US$200 billion more of US goods and services than it did in 2017, before the start of the trade dispute, over a two-year period to the end of 2021.
According to Peterson Institute for International Economics, Beijing has purchased just 58 per cent of the US exports expected under its projections, based on data to the end of last month.
China's imports of US products covered by the trade deal's purchase commitments amounted to $100 billion by the end of December, compared with a prorated target of $173.1 billion, the institute said.
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