China needs to purchase $50 billion worth of farming goods

Daily Analysis - 17/12/2019

The US needs China to buy a huge amount of farming goods


According to an expert statement, familiar with the trade war matter, if China boosts its farming investments in order to reach the US demands, it would probably create a huge problem and China would require to do this only if the market conditions allowed it. Their remarks spill uncertainty on the farm investments that are part of the phase one trade agreement recently published by both nations. The executive director of the Asian Trade Centre Deborah Elms, stated: Calling it a “crazy amount” of agricultural buying with “market-distorting powers” on a global scale, “The ramping up of scale at that speed is going to be problematic.”

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