According to the Wall Street Journal, the US and China have reached a broad agreement to make it easier for US gas exporters and other industry producers to enter the Chinese market. The two governments will issue a joint diplomatic bulletin this month, which will aim to increase trade between the two countries and achieve trade rebalancing.
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The announcement will also include some areas where China and the United States want to promote US trade with China, including the supply of liquid natural gas and agriculture. But the specific details have not yet been revealed.
The United States is one of the world’s five largest gas suppliers, with 300 trillion cubic feet of proven natural gas reserves, but the country’s natural gas export industry is still in its infancy, with only Houston energy company Cheniere Energy filling liquid gas for about a year time. US companies have been seeking better access to China, including their financial and agricultural markets.
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April 6, 2017, Xi Jinping and Trump in the United States Florida sea lake manor meeting. According to Xinhua News Agency reported that the two sides reached a number of areas of cooperation intention. The two sides expressed their willingness to strengthen exchanges between the two armed forces, deepen the cooperation in law enforcement, cybersecurity, pursuing stolen goods, illegal immigration and health.
The two heads of state also talked about trade friction, the two sides agreed to deepen pragmatic cooperation in the field of trade and investment, while properly dealing with economic and trade friction in order to achieve mutually beneficial results. In addition, the two sides agreed to the Sino-US trade balance to start a 100-day strategic survey.
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