China has “broad prospects” for importing high-quality U.S. agricultural goods, the Chinese news outlet added.
Beijing’s move may also be seen as self-serving as pork prices have surged after an outbreak of deadly African swine fever cut China’s pig herd by a third since mid-2018 and propelled Chinese pork prices to record levels.
China will likely also increase imports of soybeans, the most valuable U.S. agricultural export to China, after the Asian economy largely boycotted purchases since the trade war started last year. Chinese companies acquired at least 10 boatloads of U.S. soy on Thursday alone, the country’s largest purchase since at least June.
“It is hoped that the U.S. will be true to its words and fulfill its promise to create favorable conditions for cooperation in agricultural areas between the two countries,” the report said.
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