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China has made an enormous purchase of US soybeans, with reports indicating that over 40 million tonnes of grain have been purchased by companies in China's major grain-producing areas. Additionally, China specifically bought 3 million metric tons of American soybeans. This move is seen as a gesture of goodwill ahead of the upcoming meeting between President Biden and President Xi. The purchase is viewed as part of China's effort to seek closer ties with the US and avoid economic decoupling. The economic and trade talks between senior Chinese and US officials have emphasized the objective of a healthy economic relationship. The purchase of soybeans is considered a strategic move by China to influence global economics and demonstrate its geopolitical leverage.
How U.S. soybeans influence global economics https://t.co/6PssvhStIS
What China produces, the world buys; what the world produces, China eats. In a not so surprising move, China also just bought record US soybeans ahead of Xi's visit: https://t.co/u9g4t1AzlL
The economic and trade talks between senior Chinese and US officials opposed decoupling and welcomed the objective of a healthy economic relationship that provides a level playing field for companies and workers in both countries and benefits the two peoples.… https://t.co/fGTe0m7Tmy https://t.co/p6ESJiMTqw
China is bringing back soybean diplomacy as the world’s second-largest economy seeks closer ties with the US ahead of a meeting between Biden and Xi https://t.co/WQUTIqqN4R
China is bringing back soybean diplomacy as the world’s second-largest economy seeks closer ties with the US ahead of a meeting between Biden and Xi https://t.co/71n6JlROGl
Scoop: China’s enormous purchase of US soybeans this week is gesture of goodwill ahead of Biden-Xi talks in San Francisco next week, per sources. This isn’t 1st time China used the humble soybean for geopolitical leverage. @isiscarol14 @jendeben & me: https://t.co/o1QXADQBQc
China is bringing back soybean diplomacy as the world’s second-largest economy seeks closer ties with the US ahead of a meeting between Biden and Xi https://t.co/h2B0JEj0zV
China just bought 3 million metric tons of American soybeans https://t.co/Ok2BAAUZkE
China Made Enormous Purchase of US Soy This Week, Cargill Says https://t.co/rURzf9tVS3
China is stepping up the purchase of autumn grain, with companies in the country's major grain-producing areas purchasing over 40 million tonnes of grain so far, data from the National Food and Strategic Reserves Administration showed Friday. https://t.co/CGBrONf4D2