China will rely on market principals for increase of US imports, planner says
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China will increase U.S. imports on the basis of “market principles,” a Beijing official said Sunday, according to Reuters.

Meng Wei, spokesperson for China’s National Development and Reform Commission, said at a Sunday press conference that China considers U.S. supplies in the energy, manufacturing, agricultural product, medical care and financial services fields to be high quality, according to the news service.

The initial trade agreement reached between Washington and Beijing would involve $200 billion more in Chinese purchases of U.S. goods. Chinese Vice Premier Liu He said the initial deal will have no impact on “third parties’ interests,” according to Reuters.

Liu told reporters Chinese firms will import U.S. agricultural products on the basis of consumer need and market forces.