China to make huge purchases of US goods in phase one of new trade deal

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The South China Morning Post reports on the early details of the new trade agreement between US and Chinese officials, which will likely see China commit to purchasing some $200bn of US goods and services over the next two years, principally from the agricultural, energy and services sectors. “Rosa Wang, Shanghai-based analyst at agricultural data provider JCI China, said she was ‘quite confident’ that China could meet the targets. She suggested most of the expenditure would be on soybeans, followed by smaller purchases of nuts and fruits, pork, poultry, corn, sorghum and ethanol by-products.”