Heard on the Street: Chinese private-sector firms, out trillions of yuan thanks to the coronavirus, are in no position to massively ramp up imports
Under siege from the novel coronavirus, China’s economy is poised to contract in the first quarter and post sharply lower growth this year. Under siege from the Trump administration in 2019, Beijing had already agreed to boost purchases of U.S. goods by nearly $80 billion in 2020 over 2017 levels.
Are these two realities compatible? The Trump administration seems to think so. In late February, U.S. Trade Representative Robert Lighthizer and Agriculture Secretary Sonny Perdue said they still expect China to live up to the letter...
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