China fails to meet US trade deal target in 2020 amid pandemic


China promised to buy an additional US$200 billion of US goods and services over the 2017 level by the end of 2021. - Reuters

BEIJING (Bloomberg): China failed to meet its 2020 trade deal targets with the US in a year marked by pandemic-related disruptions and an increasingly tense relationship with the Trump administration.

By the end of December, China had purchased about 58.1 per cent of the US$172 billion-worth of goods it pledged to buy last year under the "phase one" agreement with Washington, according to Bloomberg calculations based on data from the country's customs agency.

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China , US , trade deal , target

   

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