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China to offer more imports of US goods to reduce trade imbalance


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China to offer more imports of US goods to reduce trade imbalance

China has drawn up a list of goods to purchase from the U.S. that could reduce the trade imbalance between the two countries, a move that comes a week after a round a of talks in Beijing that produced sufficient progress to justify continuing the discussions, The Wall Street Journal reported.

China is reportedly seeking ways to reduce tensions, though it has not agreed to the U.S. demand of cutting the bilateral trade deficit by $200 billion over the next two years.

China's chief economic envoy Liu He is expected to visit Washington in the coming days and present the proposed list, the Journal reported.

The exact nature of Chinese purchases of U.S. goods is not clear but it is expected to include commodities such as natural gas or manufactured goods such as autos and airplanes. China could also expand its purchases of U.S. services, including insurance and cloud computing, according to the report.