China buys millions of tons of US soya beans in goodwill move

China buys millions of tons of US soya beans in goodwill move


China buys millions of tons of US soya beans in goodwill move

China makes inquiries on US agricultural products ahead of trade talks

Beijing — The US has shipped several million tons of soya beans to China since the two countries’ leaders met in June, Chinese state media said on Sunday, an apparent sign of goodwill before trade talks in Shanghai this week.

“As long as the American agricultural products are reasonably priced and of good quality, it is expected that there will be new purchases,” the report said.

Chinese and US negotiators are due to meet in Shanghai this week for the first time since the summit, with talks to start on July 30.

The state media report on Sunday said the US should “take concrete measures to implement its relevant commitments and create favourable conditions for bilateral economic and trade co-operation”.

Read more: Business Day

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28 July 2019, Sunday News

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