China doesn’t want deterioration of the situation in trade with the US, the Ministry of Commerce of the PRC

Investing.com – China would like to avoid escalating tensions in trade and economic relations with the United States, and is ready to increase imports of American goods, said the representative of the Ministry of Commerce of China, Gao Feng.

As he said at a briefing for journalists last weekend, Liu He, Vice Premier of the State Council of the People’s Republic of China, met with US Trade Minister Wilbur Ross, the parties discussed in detail issues related to China’s purchases of agricultural products and energy products in the US, noting that “certain progress”.

“There was a discussion of issues related to specific areas of cooperation, including in-depth talks on agriculture and energy, China is ready to import more goods from the US,” the official said.

As previously reported by the Wall Street Journal, China offered to increase the purchase of US agricultural commodities and energy resources worth about $ 70 billion a year if US President Donald Trump refuses announced plans to impose protective duties on a number of Chinese exports.

According to sources, during the negotiations with W. Roth, the Chinese side put out a package of proposals, which stipulates, inter alia, an increase in purchases by Chinese companies of American soybeans, corn, natural gas, oil and coal, as well as other agricultural products and energy carriers.

According to estimates by China and the United States, the volume of purchases of these goods by China within one year will be about $ 70 billion.

US President Donald Trump insists that the PRC authorities commit themselves to take steps that would allow the US side to reduce the $ 200 billion deficit of trade in goods with China, currently at about $ 375 billion.

Beijing, however, believes that achieving such a goal will take a long time.