Despite agreement, China purchase of US agriculture lags

PURCHASES PICK UP

At the end of July, the United States reported the largest-ever daily order by China for its corn, of 1.9 million tonnes. The Chinese"realise we're not being the best of buddies right now, but they need the products and they're gonna take as much as they need", said Jack Scoville, agricultural market analyst for Price Futures Group.But analysts warn that any orders could be called off before the ships carrying them leave port.

US Trade Representative Robert Lighthizer in June said China would follow through on its commitments, while Washington would also pursue a"Phase Two" trade deal that"will focus on issues of overcapacity, subsidisation, disciplines on China's state-owned enterprises, and cyber theft".

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Can China beat US in the financial cold war?CHIPS, Chats, and Swift. They refer to the machinery of international finance that gives America extraordinary leverage. Like so much else, they're also weapons in the coming cold war between China and the US. The People's Republic resents Washington's dominance over global payments and wants its own alternative. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »