The Covid-19 outbreak is already weighing on global trade. The Port of Los Angeles, the gateway to US-China trade, has forecast a 25 per cent decline in container volumes in March. Photo: Bloomberg
US-China phase one trade deal likely to give state-owned companies more sway over Chinese economy, report says
- Beijing will be pressured to force SOEs to buy more imports to fulfil commitments, according to Peterson Institute for International Economics
- US imports covered by the phase one deal have primarily been bought by the private sector and remain more expensive in China because of tariffs
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US-China trade war
The Covid-19 outbreak is already weighing on global trade. The Port of Los Angeles, the gateway to US-China trade, has forecast a 25 per cent decline in container volumes in March. Photo: Bloomberg