Trump administration hoped for more progress from China: Bloomberg source

Trump administration hoped for more progress from China: Bloomberg source
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The Trump administration was reportedly hoping for more progress from China on market-oriented reforms after a meeting between President Trump and his Chinese counterpart.

A senior administration official told Bloomberg News that the U.S. is worried about subsidies, excess capacity and industrial policy.

The official told Bloomberg that the U.S. had expected more progress to be made after a meeting earlier this year between Trump and President Xi Jinping.

Trump is expected to go to Beijing next month. He will also go to a meeting of leaders from the Asia-Pacific Economic Cooperation forum in Vietnam.

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