China is committed to its Phase 1 trade deal with the United States and is working towards meeting its promise to boost U.S. purchases, even though the pace of buying has been restrained by the coronavirus outbreak, three Chinese sources said.
FILE PHOTO: Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. REUTERS/Aly Song
China’s April imports of U.S. goods slumped 11.1% in dollar terms from a year earlier, weighed by weaker domestic demand because of the epidemic. “If both sides are working in the same positive direction, for months in which purchases can’t reach the agreed quotas, those can be supplemented in other months,” one of them said.
The Global Times is published by the People’s Daily, the official newspaper of China’s ruling Communist Party. While not an official party mouthpiece, the Global Times’ views are believed at times to reflect those of its leaders.
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