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10:22 25 June
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China to increase purchase of US goods to support employment in US - White House - UPDATED


In order to encourage more US purchases, China will "advance relevant amendments to its laws and regulations," including the patent law, the joint statement of the White House and China said, APA reports quoting Sputnik.

 

"There was a consensus on taking effective measures to substantially reduce the United States trade deficit in goods with China. To meet the growing consumption needs of the Chinese people and the need for high-quality economic development, China will significantly increase purchases of United States goods and services. This will help support growth and employment in the United States," the joint statement reads. 

 

It is noted that the parties have agreed to "significantly increase the export of agricultural goods and energy." The US will also send its delegation to China to work on the details.

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