#accelerate#agricultural#US#China
[Sino-US Innovation Times June 19] According to the US Chinese network quoted Bloomberg report, after the Hawaii conversation in the United States, China plans to speed up the purchase of US agricultural products to fulfill the first stage of the Parties. After the news, the Wall Street stock market has rumored.
Bloomberg invoked two people who were unwilling to disclose the name, since the previous cause of the epidemic, China's procurement of US agricultural products is behind the agreement, but China now plans to speed up the purchase including soy, corn, ethanol, etc. Another source said that the Chinese government has requested state-owned enterprises to complete the first phase of the goal.
The US Department of Commerce has not given a comment.
On Thursday, US Secretary of State, said in the tweet, the Committee of the CPC Central Committee, Yang Jiechi once again promised to complete all the obligations of the first phase of the trade agreement between the two countries.
According to the first stage agreement, China promised to buy US agricultural products worth 365 billion, in 2017, China's purchase amount of agricultural products for US agricultural products is only 24 billion.
However, according to the US Department of Agriculture, in the first four months of this year, China only purchased 465 million agricultural products, which is only 13% of the agreement target, and is 40% less than 2017.
In the beginning of this month, Bloomberg has reported that China requires state-owned enterprises to suspend buy some American agricultural products including soybeans. However, according to the data of the Ministry of Agriculture, Chinese importers continue to increase the purchase of American soybeans, as of June 11, two weeks in China, 220 metric tons of seed oil.