China plans to accelerate purchases of American farm goods to comply with the phase one trade deal with the U.S. following talks in Hawaii this week.
The world’s top soybean importer intends to step up buying of everything from soybeans to corn and ethanol after purchases fell behind due to coronavirus disruptions, said two people familiar with the matter, who asked not to be named because the information is private.
A separate person said the Chinese government has asked state-owned agricultural buyers to make all efforts to meet the phase one agreement.
Nobody from the commerce ministry responded to a fax seeking comment. Chinese foreign ministry spokesman Zhao Lijian said “I don’t have any further information to provide right now” when asked about the purchase plans at a briefing in Beijing.
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