Chinese leaders meet to craft 5-year plan

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Chinese leaders meet to craft 5-year plan
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Chinese Communist Party leaders meet this week for a secretive conclave, known as the Fifth Plenum, where they will craft their plan for Chinese society from 2021 to 2025

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China made separate commitments for increased purchases of U.S. manufactured goods and energy products, as well as services like travel, banking, insurance and use of intellectual property.All told, China committed to try to buy $200 billion more worth of U.S. goods and services in 2020 and 2021, compared to 2017, which was the record year for U.S. exports to the world’s second-biggest economy.

who also is a senior fellow at Peterson, lays out five recommendations on U.S.-China economic relations for the next administration. They include “recognize that the ‘tariff war’ has failed” and “avoid a policy of ‘decoupling’.”North American business groups are urging Mexico’s Congress to reject a proposal that would shut down internet services provided by foreign companies if they fail to comply with a new registration requirement under Mexican tax law.

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