Home Chinese Govt officials asks major agricultural firms to pause purchases of US farm goods – Bloomberg
FXStreet News

Chinese Govt officials asks major agricultural firms to pause purchases of US farm goods – Bloomberg

Citing people familiar with the situation, Bloomberg reports that the Chinese government officials have told major state-run agricultural firms to pause purchases of some American farm goods, including soybeans, as Beijing looks to evaluate the recent escalation in tensions between the US and China.

The sources said: “Chinese buyers are also said to have cancelled an unspecified number of US pork orders, although private companies have not been told to halt imports yet.”

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.