China pulled back on its already halting progress toward meeting its U.S. trade deal targets, slowing purchases of all types of goods covered by the agreement despite calls from the Biden administration for Beijing to adhere to its commitments.
China bought $9.5 billion worth of manufactured, agricultural and energy goods in October, bringing the total purchases to $210.4 billion since the trade deal was signed in January 2020, according to Bloomberg analysis of official Chinese data. Last month’s procurement was the slowest pace in a year, with China now having reached only 56% of the two-year target of $378.4 billion.
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