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US-China Business Council says Beijing will honour trade deal despite virus

THE Washington DC-based US China Business Council (USCBC) said it is confident China will meet its phase one trade deal commitments to massively increase purchases of US goods and services despite the coronavirus crisis, reported Hong Kong's South China Morning Post

US-China Business Council says Beijing will honour trade deal despite virus

THE Washington DC-based US China Business Council (USCBC) said it is confident China will meet its phase one trade deal commitments to massively increase purchases of US goods and services despite the coronavirus crisis, reported Hong Kong's South China Morning Post

18 February 2020 - 05:48

THE Washington DC-based US China Business Council (USCBC) said it is confident China will meet its phase one trade deal commitments to massively increase purchases of US goods and services despite the coronavirus crisis, reported Hong Kong's South China Morning Post.

USCBC president Craig Allen said the business slowdown in China could affect the timing of purchases, but both governments were committed to meeting the targets. The group represents US companies doing business in China.



While China's commitment to increase purchases of US manufactured goods, farm products, energy and services by US$200 billion by the end of 2021 was 'aggressive', he said US industry was ready to meet the challenge.



'The coronavirus doesn't change any of that, though it might affect the timeline,' Mr Allen told a news conference in Washington.


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