This post was originally published on South China Morning Post.
China’s trade with US failed to meet phase-one deal targets last year, and 2021 is not expected to yield more success
China fell well short of meeting the lofty purchasing targets of its phase-one trade deal with the United States in 2020, with analysts sceptical as to whether it will get any closer in the second year of the agreement.In the first year of the deal, China fulfilled only 58 per cent of those targets, according to an analysis of Chinese customs data by the Peterson Institute of International Economics.As part of the deal, signed on January 15, 2020, by former US president Donald Trump and Chinese…