China’s deal to buy more US goods is ‘distortion of the market’, Europeans complainChina’s pledge to ramp up purchases of US goods and services in an interim trade deal has drawn concern from other trading partners, with a leading European business group calling it a “distortion of the market†and saying the pact was “rewriting globalisationâ€.
After the deal was signed in Washington on Wednesday
, Vice-Premier Liu He sought to reassure other countries that they would not suffer as a result of the agreement, but the message was not convincing for some.
Joerg Wuttke, president of the European Union Chamber of Commerce in China, said the purchasing commitment was “managed trade – meaning the US tells China what it should buy from Americaâ€, and it would lead firms from Europe to “wonder where our place isâ€.
China faced “less choice or possibilities of sourcing, say, soybeans from Brazil, or gas from Australia and Qatar, or coal from India, or aeroplanes from Europe, and this is distortion of the marketâ€, Wuttke told reporters in Beijing on Thursday...............
https://www.scmp.com/news/china/diplomacy/article/3046426/chinas-deal-buy-more-us-goods-distortion-market-europeans
