CHINA TO BOOST IMPORTS FROM U.S.




Serhat TUNAR -TDO- Details have emerged about part one of the trade agreement between the United States and China. China has allegedly pledged $ 200 billion in imports under a phase one trade deal it is about to complete with the United States.

The Chinese administration has pledged to import $ 200 billion from the United States within 2 years, the South China Morning Post reported. China will make these imports in sectors such as energy, services, agriculture and industry.

Industry ranks first among the sectors with $ 75 billion, while China will purchase $ 50 billion worth of energy, $ 40 billion worth of agricultural products and $ 35 billion worth of services.  A phase one trade agreement between the United States and China is expected to be signed this week.


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