FedEx (FDX) Declares $0.65 Quarterly Dividend; 1.6% Yield

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U.S. business group sees China keeping purchase commitments despite coronavirus

February 13, 2020 2:50 PM EST

By David Lawder

WASHINGTON (Reuters) - The head of an American business lobbying group said on Thursday he was confident that China will still meet its "Phase 1" trade deal commitments to massively increase purchases of U.S. goods and services despite the coronavirus crisis.

Craig Allen, president of the U.S.-China Business Council (USCBC) said that the business slowdown in China could affect the timing of purchases, but both governments were committed to meeting the targets. The group represents U.S. companies doing business in and with China.

While China's commitment to increase purchases of... More