Trucks are reflected as they wait in line to unload their containers onto a container ship docked at the Guangzhou Nansha Container Port in Guangzhou, China. Photographer: Qilai Shen
China has offered to go on a six-year buying spree to ramp up imports from the U.S., in a move that would reconfigure the relationship between the world’s two largest economies, according to officials familiar with the negotiations, Bloomberg News reports.
By increasing annual goods imports from the U.S. by a combined value of more than $1 trillion, China would seek to reduce its trade surplus — which last year stood at $323 billion — to zero by 2024, one of the people said. The officials asked not to be named as the discussions aren’t public.
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