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Depressed Chinese demand for oil, services cloud phase-one prospects

April 23, 2020 at 6:12 PM
The coronavirus pandemic has depressed Chinese demand for U.S. services and energy products, putting Beijing in further jeopardy of failing to meet purchasing commitments in its phase-one trade deal with the U.S., according to analysts and researchers. Services and energy products account for $90.3 billion of the $200 billion worth of additional purchases China agreed to as part of the phase-one agreement. The purchases are to be made over two years and are in addition to a 2017 baseline total...

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