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
Follow your favourite topic and get notified
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
