China’s Wang Vows to Uphold Trade Deal During Biden Administration: U.S. Business Group



Andrea Shalal | Reuters

WASHINGTON (Reuters) – Chinese Foreign Minister Wang Yi assured U.S. executives during a videoconference on Sunday that Beijing remained committed to the Phase 1 trade deal with the United States, the head of the US-China Business Council said.

“He definitely re-committed. On the Chinese side, it’s all systems go. They will fulfill their commitments,” US-China Business Council President Craig Allen told Reuters on Monday.

Wang’s comments to the business group come amid recent moves by the government of outgoing U.S. President Donald Trump to crack down on Chinese military companies and box incoming President-elect Joe Biden into hardline positions on Beijing.

The US-China Business Council, which represents 240 companies doing business in China, said it was pleased with Beijing’s progress in implementing policy changes under the trade deal signed in January, although China had fallen short of targets for increased purchases of U.S. goods and services.

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