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China may be ready to buy more US goods — but economists say that isn’t what matters

  • China has reportedly offered to buy more U.S. products in the coming years in order to reduce the imbalance in trade of goods between the two countries.
  • But that move concerns itself with a metric — the balance of bilateral trade — that doesn't accurately reflect how economies are gaining or losing from those interactions, economists and trade experts told CNBC.
  • The goods trade imbalance between the U.S. and China has grown from $6 million for the whole 1985 to $301.37 billion in the first nine months of 2018, according to the U.S. Census Bureau.
  • Many economic experts disagree with Donald Trump's focus on the trade deficit but still support the president's push to change how China treats international companies.

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