China denies offer of US$200b package to slash trade gap
US officials had earlier announced Beijing's offer, but Chinese foreign ministry spokesman says 'this rumour is not true'
Washington
CHINA denied on Friday that it had offered a package to slash the US trade deficit by up to US$200 billion, hours after it dropped an anti-dumping probe into US sorghum imports in a conciliatory gesture as top negotiators meet in Washington.
US officials had said on Thursday that China was proposing trade concessions and increased purchases of American goods, aimed at cutting the US trade deficit with China by up to US$200 billion a year.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Vietnam National Assembly head resigns amid graft purge
China central bank flags bond investment risks to some financial institutions: sources
Xi tells Blinken US, China should be 'partners, not rivals'
Indonesia’s push for regional economic integration to continue under Prabowo: Vivian Balakrishnan
Outgoing Singapore, Indonesia leaders to hold their final retreat in Bogor on Apr 29
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027