Commerce Secretary Wilbur Ross says the US will invest and trade more in Asia as it rolls out an American plan to support "sustainable" projects in Asia.
The plan announced at a US business forum in Bangkok is meant to rival China's own multibillion dollar "Belt and Road" infrastructure program.
Ross is leading a high-powered trade mission in Asia and attended a regional summit that wrapped up Monday.
As he was talking up US trade and investment, China opened a lavish import expo Tuesday in Shanghai showcasing its own eagerness to do business.
President Xi Jinping vowed to open Chinese markets further and clinked wine glasses with French President Emmanuel Macron, who urged that Beijing and Washington end the trade war that is clouding an already murky global economic outlook.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app