China will boost purchase of US imports according to ‘market principles’
China will push negotiations with American companies in raising US importation of goods and products with consideration to market principles, said an official with state planner.
Spokesperson for the Chinese National Development and Reform Commission (NDRC) Meng Wei said at a press con that the US has high quality supply of energy, agricultural products, financial services, manufactured goods, and medical care.
China will raise purchases of US goods and services by $200 billion within two years as a swap for the tariff cut as agreed on the preliminary trade deal between US and China.
Liu He, China’s Vice Premier, said that the signed deal with US president Trump will not affect “third parties’ interests”, referring to other deals signed with farm goods suppliers.
Chinese companies will import US agricultural goods considering the consumers’ need, and the market’s supply and demand, Liu said.