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.
By increasing goods imports from the United States by a combined value of more than US$1 trillion over that period, 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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