China will negotiate with American companies and increase imports of U.S. goods and products according to market principles, an official with its state planner said on Sunday. The United States has high quality supply in the fields of energy, manufactured goods, agricultural products, medical care and financial services, said Meng Wei, spokesperson for China’s National Development and Reform Commission (NDRC), at a press conference on Sunday. China will boost purchases of U.S. goods and services by $200 billion over two years in exchange for the rolling back of some tariffs under an initial trade deal between the world’s two largest economies.
