China’s purchases of US goods slowed in April and have shown signs of declining Chinese engagement. with the phase one trade agreement agreed with the US, as reported by Bloomberg analyzing Chinese official data.
Key Comments:
“China bought US $ 10.4 billion worth of manufactured, agricultural and energy goods in April, raising the total in the 16 months since the trade agreement was signed in January 2020 to $ 147 billion“.
“That progress was the slowest pace this year and reaches 38.9% of two-year goal of $ 378 billion, compared to the 36.1% reached in March “.
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