The United States has accused China of failing to meet its commitments to the World Trade Organisation and says it is exploring new ways to combat aggressive Chinese trade practices.
US-China worsening relations will deteriorate further if Beijing misses its obligations under a nearly expired trade agreement.The Economic and Trade Agreement signed by the two superpowers in January 2020 is set to end on December 31 this year. Trade observers say China has not complied with a clause that obligates it to buy imports of manufactured goods, farm products, energy products, and certain services from the U.S. at a total of $200 billion more than the 2017 total. China purchased $186 billion in goods and services in 2017 before the trade war, according to U.S. government figures.Matthew Goodman, senior vice president for economics with the Washington-based Center for Strategic & International Studies said China has had trouble complying because of delays in Chinese aircraft orders from the US and pandemic-related setbacks."I do think that the Biden administration is going to follow through on this agreement and hold China to account," Goodman said"I don't see any ...
The United States has been severely violating free trade rules and threatening global supply chain security, Chinese Embassy in Washington spokesperson Liu Pengyu said
Late repayments could trigger cross-defaults as the firm's liabilities involved as many as 128 banks and over 121 non-banking institutions
Top US and Chinese commerce officials agreed to promote healthy trade and cooperate over differences, China's commerce ministry said on Thursday
US Secretary of State Antony Blinken on Sunday issued a warning to China stating it would be a "serious mistake" for anyone to attempt to change Taiwan's "status quo"
Wang Yi told his Japanese counterpart that their two countries should ensure that bilateral relations "do not get involved in the so-called confrontation between major countries"
Huawei had a plane waiting to take CFO Meng Wanzhou back to China from Vancouver as a key verdict in her extradition case was to be handed down last May, prosecutors said in a Canadian court
China's three biggest telcos saw their shares drop as much as 5% in Hong Kong, the first trading session since NYSE said it would delist the firms under a plan China branded "political"
China's export growth accelerated in October, boosting the total so far this year back above pre-coronavirus levels for the first time
Statement follows White House remarks that no such talks were scheduled
The gloomy trade report is likely to reinforce fears that China's economic growth halved in the first quarter to the weakest since 1990
Chinese companies will import U.S. agricultural goods according to consumers' need, and demand and supply in the market, Liu told reporters, according to CCTV.
The mood in markets soured after the US Senate angered China by passing a bill requiring annual certification of Hong Kong's autonomy and warning Beijing against suppressing protesters
WTO appeals judges said in July that the United States did not fully comply with a WTO ruling and could face Chinese sanctions if it does not remove certain tariffs that break the watchdog's rules
Many experts also decry China's decision to fight fire with fire, by imposing tariffs on US goods imported into China, also without the WTO's approval
China's overall exports and imports both grew at a strong double-digit clip early in the year