China's pledge on buying more US goods unrealistic: Expert

A cargo ship loaded with containers makes its way at a port in Qingdao in China's eastern Shandong province, on Jan 14, 2020.
A cargo ship loaded with containers makes its way at a port in Qingdao in China's eastern Shandong province, on Jan 14, 2020.PHOTO: AFP

China's trade deal pledge to buy an additional US$200 billion ($269 billion) worth of American goods and services is unrealistic and may lead to unintended consequences, a trade economist said in a commentary published yesterday.

As pledged in the US-China phase one deal signed on Jan 15, China is to ramp up its purchases of America's manufactured goods, agricultural products, energy and services over two years - US$77 billion more than in 2017 in the first year, and US$123 billion more than in 2017 in the second year.

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A version of this article appeared in the print edition of The Straits Times on January 22, 2020, with the headline 'China's pledge on buying more US goods unrealistic: Expert'. Print Edition | Subscribe