The dried fruit from the USA at a supermarket in Beijing.
BEIJING, 5 Dec — the Recent agreement of China and the U.S. trade controversy is just the beginning of a dialogue, so the Russian side should not fear that Beijing abandon its plans of diversification of imports due to the expansion of cooperation with Russia, said the regional representative of the chamber of Commerce of Russia in East Asia (Beijing) Pavel Kudryavtsev.
The leaders of the United States and China on the sidelines of the G20 summit have agreed on mutual steps to duties. Chinese President XI Jinping has promised to rectify the situation with the trade imbalance and start to purchase significant volumes of agricultural and other goods from the US. The US President Donald trump has agreed from January 1, to raise from 10 to 25% duty on goods from China import volume at $ 200 billion, if the parties will be able within 90 days to agree on a certain range of issues.
“In recent years, China-us economic and trade friction — the most discussed topic in the business community of the PRC. The majority of local businesses agree that the problem of relations between the two countries goes far beyond just the trade issues and is unlikely to be resolved overnight,” – said Kudryavtsev.