Start United States USA — China China Reportedly Offered to Go On Spending Spree to Cut Trade Deficit

China Reportedly Offered to Go On Spending Spree to Cut Trade Deficit

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The offer came from Chinese officials engaged in trade negotiations in Beijing, according to Bloomberg. The aim of the increased purchases would be to reduce…
The offer came from Chinese officials engaged in trade negotiations in Beijing, according to Bloomberg.
The aim of the increased purchases would be to reduce China’s trade surplus with the U. S., which hit a record $323 billion last year, to zero by 2024.

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