China-US Trade: China imports more American products

World
Europe

01:01

Now that China will import more American products, how will that impact the China and US economies? Let's hear from some experts.

ZHAO CHANGWEN DEVELOPMENT RESEARCH CENTER OF THE STATE COUNCIL "China will increase purchase of American goods and services substantially to reduce US trade deficit with China, this will boost American economic growth and employment. It's will also better meet Chinese needs in the new era."

ZHANG JIANPING CHINESE ACADEMY OF INT'L TRADE & ECONOMIC COOPERATION "Chinese students go to America for education, or some Chinese take medical service in America. Meanwhile, some American financial institutions provide service in China. All these means America will gain big profit and market share. While China can have good service and meet our demand."

ZHANG MONAN, RESEARCHER CHINA CENTER FOR INT'L ECONOMIC EXCHANGES "China is the world's largest emerging market and has a huge middle class. This will lead to enormous demand in service trade, manufacture and financial sector. These are what American multinationals craving for."