China plans to start trade negotiations with the United States on the basis of agreements concluded with the first administration of US President Donald Trump in 2020, The Wall Street Journal writes, citing its sources.
China wants to return to the "first stage" agreements that were concluded with Trump during his first term, which include commitments to increase imports from the United States by $200 billion. According to experts, this will help prevent a trade war.
The Chinese side will also increase investments in the American economy, in particular in the production of batteries for electric vehicles, and will abandon the artificial depreciation of the yuan. Earlier, the Ministry of Commerce of the People's Republic of China reported that China would file a lawsuit with the WTO in connection with the imposition of duties on Chinese products by the United States.
