U.S.-China

For the United States, the major gain is China’s commitment to purchase more American goods. Based on the agreement, the annual export of goods and services from the US to China should increase to $263bn in 2020 and $310bn in 2021, and 80% of the increase would come from goods.

For the United States, the major gain is China’s commitment to purchase more American goods. Based on the agreement, the annual export of goods and services from the US to China should increase to $263bn in 2020 and $310bn in 2021, and 80% of the increase would come from goods.

The US Congress is paying significantly more attention on China and the stance is increasingly hawkish with bipartisan support. Following the recently passed bills on Hong Kong, the Uyghur Human Rights Policy Act (UHRPA) will likely pass tomorrow. we expect more bills to become law in 2020 on Taiwan and 5G. These will irritate Beijing but have little impact on the Chinese economy.