China will increase imports from US according to 'market principles': official

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 68 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 66%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

China will negotiate with American companies and increase imports of U.S. goods and products according to market principles, an official with its ...

China will negotiate with American companies and increase imports of U.S. goods and products according to market principles, an official with its state planner said on Sunday.

FILE PHOTO: Chinese Vice Premier Liu He and U.S. President Donald Trump sign"phase one" of the U.S.-China trade agreement during a ceremony in the East Room of the White House in Washington, U.S., January 15, 2020. REUTERS/Kevin LamarqueBEIJING: China will negotiate with American companies and increase imports of U.S. goods and products according to market principles, an official with its state planner said on Sunday.

The United States has high quality supply in the fields of energy, manufactured goods, agricultural products, medical care and financial services, said Meng Wei, spokesperson for China's National Development and Reform Commission , at a press conference on Sunday.China will boost purchases of U.S. goods and services by US$200 billion over two years in exchange for the rolling back of some tariffs under an initial trade deal between the world's two largest economies.

Chinese Vice Premier Liu He, who signed the trade deal with U.S. President Donald Trump earlier this week, said the deal would not affect"third parties' interests", apparently in reference to deals made with other suppliers of farm goods. Chinese companies will import U.S. agricultural goods according to consumers' need, and demand and supply in the market, Liu told reporters, according to CCTV.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in CA

Canada Canada Latest News, Canada Canada Headlines