The effort of trying to determine what products are expected to be involved in the phase one deal with China is also going on within China.
The China Daily reported Zhang Xinyuan, a researcher at Huatai Securities, said “increased imports from the U.S. will mainly include crude oil, semiconductors, gas, soybeans, consumer goods, automobiles, ethanol and tourism services.”
From a macro perspective, the paper said that the phase-one deal will reduce downside risks to the global economy, with Ding Shuang, chief economist of Greater China and North Asia at Standard Chartered predicting 2020 “should be a year of soft but stabilizing growth for the global economy.”
Welcome
