China Is Far Behind on US Purchases Under Trade Deal

“It’s a two-year agreement, and we need to see what happens in the first half of 2021,” said Craig Allen, president of the US-China Business Council. “If the Chinese are going to meet their agreement, it would be a huge surge in 2021, in the second half of 2021.” Mr. Allen said that while China has so far fallen behind on the purchase agreement, structural market-opening measures included in the phase-one agreement have worked well, bringing progress in longstanding issues faced by American companies in areas such as banking and intellectual property rights.