China bought at least 1 million metric tons of US soybeans last week as the country ramps up purchases ahead of Chinese leader Xi Jinping’s visit to Washington this month.
China bought about a million tons of US soybeans last week. These orders take place shortly before Xi Jinping's announced visit to Washington. They carry Chinese purchases to almost half of the 25 million tons that Beijing would have committed to order each year in the United States until 2028. Is this a political gesture or a simple economic necessity?