16:33, 20-May-2018
China-US Trade: Expert: Trade imbalances between the two sides will be alleviated
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Earlier we spoke with Mr. Li Wei, the director of the Institute of America and Oceania Studies, at the Chinese Academy of International Trade and Economic Cooperation. Mr. Li gave an in-depth interpretation of the China-US joint statement on trade, while also looking at some possible structural adjustments in economics between the two sides. Take a listen.
LI WEI CHINESE ACADEMY OF INT'L TRADE & ECONOMIC COOPERATION "Well I think from the statement, we can see China wants to increase imports from the United States. Secondly, we will see more imports of the US products which the US enjoys competitive advantages. And I think we have more potential in services cooperation between the two countries."