US urges ‘decisive’ steps by China to shift away from exports

US urges ‘decisive’ steps by China to shift away from exports

The Edge Markets - World·2021-04-17 15:05

(April 17): The U.S. said China continues to focus its policies on exports, and called on its biggest economic rival to implement forceful measures to boost domestic demand.

“China’s recovery has been highly imbalanced” since the hit from the coronavirus pandemic, the U.S. Treasury Department said in its semiannual foreign-exchange report. “Stringent containment measures enabled China to quickly resume manufacturing while domestic consumption lagged.”

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