China can cut the surplus in foreign trade with the US by $ 200 billion – media

Investing.com – A Chinese official delegation on a visit to Washington allegedly suggested that US President Donald Trump increase purchases of a number of American goods in order to reduce a significant imbalance in foreign trade, reducing the Chinese surplus by $ 200 billion, according to US media.
However, the representative of the Chinese Foreign Ministry doubted that these reports correspond to reality: in any case, the ministry is not aware of such proposals.

Earlier, the US side demanded to reduce China’s surplus in foreign trade with the US by just $ 200 billion by 2020 from $ 375 billion in 2017, but Beijing did not agree with such requirements.

Yesterday D. Trump said that China was “very spoiled,” and expressed doubts about the success of the visit of the Chinese delegation to Washington.

On Friday, the PRC officially announced the completion of an anti-dumping investigation against imported sorghum from the US, as the US ferghana duties imposed on American sorghum in the amount of 178.6% “do not meet the interests of the society.”

A number of economists call the US demands for a decrease in China’s surplus in their trade relations unrealistic, since the current situation is a consequence of fundamental economic factors. In addition, they suggest a more active interference of the Chinese authorities in market processes, since to increase purchases of American goods, it will be necessary to give appropriate orders to companies, whereas now the PRC is pursuing a course to reduce state participation in the economy.