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Moody's: China unlikely to meet US demands on bilateral trade
Moody's Investors Service says that it does not believe that China can satisfy US requests to reduce its trade surplus with the US by $200 billion by 2020 without causing significant disruptions to its economy. Moody's also does not believe that doing so would be acceptable to Beijing, as the measures that it would need to take to achieve Washington's goal would be incompatible with the Chinese government's policy objectives. Moody's conclusions are contained in its just-released report, "Government of China: Demands in US-China trade and technology negotiations unlikely to be met; uncertainty to weigh on ... (full story)