JANUARY 18, 2019 / 10:52 AM / 3 DAYS AGO
https://www.streetinsider.com/ETFs/China+Offers+to+Go+on+Six-Year+Buying+Spree+to+Eliminate+U.S.+Trade+Imbalance+-+Bloomberg/15020775.html
China has offered to go on a six-year buying spree to ramp up imports from the U.S., according to Bloomberg, citing officials familiar with negotiations.
By increasing goods imports from the U.S. by a combined value of more than $1 trillion, China would seek to reduce its trade surplus to zero by 2024, the report said.
The offer was made during talks in Beijing earlier this month and was met with skepticism by the U.S.. Negotiators asked the Chinese to do even better, demanding that the imbalance be cleared in the next two years
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so, is Canada going to demand the same for it's imbalance with China? How about buying our chrome to even things out? Check out the link below..Canada has quite the imbalance with China too. Maybe Baowu can offer a suggestion?
https://www.asiapacific.ca/statistics/trade/bilateral-trade-asia-aggregate/canadas-bilateral-trade-asia
below from Nov. 22, 2018
http://foundryinfo-india.org/India%20to%20ban%20export%20chrome%20ore%20to%20China.aspx
India to ban export chrome ore to China
Reportedly, India’s Steel Ministry concerned over the depleting reserves of chrome ore, called for a complete ban of its export earlier this month.
The ministry warned that the country may soon run out of the costly element for steel manufacturing if it failed to block exports.
It is said that India had roughly 50 million tons of charge chrome grade ore but the country’s reserves have depleted approximately 38 million tons.
The Indian government, which had until now enforced several restrictions against exporting chrome ore, is now calling for a total ban for the first time.
India’s announcement came months after South Africa, the world’s largest exporter of chrome, said it wanted to ban chrome exports to China.
The National Union of Mineworkers in South Africa in September called for urgent restrictions on chrome exports, especially to China.
The union said China was stockpiling chrome, mainly sourced from South Africa, to dictate future market prices, adding that of the 8 million tons of chrome ore imported by China in 2010, about 3.1 million tons were sourced from South Africa.
