China Tries to Ease Concern U.S. Trade Deal Hurts Other Nations

Chinese Vice Premier Han Zheng told the World Economic Forum that the country’s trade deal with the U.S. won’t hurt rival exporting nations, as complaints mount from governments that were left out of the agreement.

In the most high-profile remarks on the country’s economic policy since the accord was signed last week, Han said that its commitment to buy more from the U.S. is in line with its World Trade Organization obligations and won’t squeeze out other imports. Han also pledged to lower barriers for foreign investors, as he set out the case for China’s engagement with the global economy.

Under the agreement, China will boost purchases of U.S. manufactured goods, agricultural products, energy and services over the next two years. Critics say such pre-determined demand can have adverse consequences elsewhere.

 
[ terms & conditions ] - [ privacy policy ]

© 2016-2020 Ronco Freight International, Inc. - All Rights Reserved