WASHINGTON: Chinese Foreign Minister Wang Yi assured US executives during a videoconference on Sunday that Beijing remained committed to the Phase 1 trade deal with the United States, the head of the US-China Business Council said.
The US-China Business Council, which represents 240 companies doing business in China, said it was pleased with Beijing's progress in implementing policy changes under the trade deal signed in January, although China had fallen short of targets for increased purchases of US goods and services.As of October, Beijing's purchases of US goods and services, specified in the Phase 1 deal at US$75.
The US executives met for more than an hour via videoconference with Wang and other Chinese officials. Such meetings generally take place every year and are normally in person, he said.Wang said little about the Phase 2 negotiations, which will be led by Vice Premier Liu He, Allen said.