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Tuesday, July 27, 2021

China to Increase U.S. Soybean Imports

Maritime Activity Reports, Inc.

January 15, 2020

© Imago Photo / Adobe Stock

© Imago Photo / Adobe Stock

China will significantly increase imports of U.S. soybeans after the Phase 1 trade deal is signed, the Global Times reported on Wednesday, citing comments from a senior Chinese economist at a state think tank.

Wang Liaowei, senior economist at China National Grain and Oils Information Center that is under the National Food and Strategic Reserves Administration, also told the paper that imports of U.S. products such as pork and cotton could also see a jump following the signing of the trade deal. 

(Reporting by Se Young Lee and Stella Qiu; editing by Louise Heavens)

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