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China is far behind and is 'never gonna catch up' with the Phase 1 trade agreement with the US, an expert says

1 month ago   |   By Business Insider

Scott Kennedy of the Center for Strategic and International Studies, told CNBC's Squawk Box that China may never catch up with its commitments under the Phase One trade deal with the United States.
He said: "If it's really based on the genuine commitments that they inked in January, they're far behind and they're never gonna catch up."
China and US signed the deal in January after more than a year of trade disputes.
But tensions between both countries have increased over Hong Kong legislation, as well as who is responsible for the COVID-19 pandemic.
Recent data by the Peterson Institute...
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