China lags U.S. trade deal target with deadline just weeks away
Story Date: 1/7/2021

 

Source: BLOOMBERG, `12/28/20


China is far away from meeting its U.S. trade-deal commitments, with the latest data showing it’s imported just over half of the American goods it promised to buy in the first year of the phase-one agreement. In the first 11 months of the year, China purchased about 50.5% of the total 2020 target of $172 billion, according to Bloomberg calculations based on figures from the nation’s Customs Administration. The trade pact was signed between the two countries on Jan. 15.

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