China has agreed to lift its extensive limits on the import of U.S. beef, lower restrictions on imports of wind turbines and telecommunications equipment, and take an array of other steps that U.S. officials say could lead to a substantial boost in U.S. exports to the world's second-largest economy.
After two days of high-level talks, U.S. and Chinese officials unveiled a set of agreements Wednesday that address some of the core trade grievances raised by U.S. firms that do business – or want to – in the fast-growing Chinese economy.
Although the U.S. side was hesitant to describe the talks as a major breakthrough – the list of trade issues between the two countries remains long, and enforcement of prior trade promises has sometimes been lax – officials were clearly buoyed by the result as the Obama administration fights to boost U.S. exports.
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