Aside from purchasing agreements targeting the trade deficit, AmCham China foresees the possibility of the two sides coming up with a comprehensive framework with specificity and clear timelines for resolving long-standing structural issues.
SINGAPORE (Feb 1): American Chamber of Commerce in China (AmCham China) says the best-case scenario emerging from the 90-day truce between US and China, which ends on March 1, would be a mutual agreement to short-term measures.
“The fundamental problem is a difference in the economic systems: the Chinese government has identified a whole range of industries that are strategically important, and they want to use all the resources of the state to ensure that Chinese companies excel and become world leaders in those industries,” says the organisation in a statement issued on Friday.
