• Human Reporters · Not Machines

    China To Ramp Up U.S. Car, Aircraft, Energy Purchases In Trade Deal: Source

    By CDM Staff
    January 14, 2020
    1 Comment
    China To Ramp Up U.S. car, Aircraft, Energy Purchases In Trade Deal: Source
    China Southern Airways B-2737 Boeing 787, Final approach to 9L Heathrow
    Image by Aleem Yousaf

     China has pledged to buy almost $80 billion of additional manufactured goods from the United States over the next two years as part of a trade war truce, according to a source, likely giving a much-needed boost for planemaker Boeing.

    Under the terms of the trade deal to be signed on Wednesday in Washington, China would also buy over $50 billion more in energy supplies, and boost purchases of U.S. services by about $35 billion over the same two-year period, the source told Reuters on Monday...

    To read more visit Reuters.

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    The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
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