US and China Is China trying to sidestep a battle royale with the US over trade? Beijing has pitched boosting Chinese purchases of US goods by about $200 billion during the current trade talks going on in Washington, say US officials. It would be an attempt to fix the huge trade imbalance between the two countries. But it's just a proposal at this point, and earlier this morning China's foreign ministry called the $200 billion number an "untrue rumor." Plus, experts say, it would be really difficult for China to buy that much stuff anyway. Last year, China bought $130 billion worth of American goods. Trade talks between the countries continue today. |
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