American farmers optimistic on visit to Shanghai, while commerce ministry official says market principles to guide Chinese purchases.

After China and the US reached an agreement on soybeans, Beijing has signalled its intent to seek favourable terms, with the scale of future imports dependent on the competitiveness of American crops, a commerce official said. “With the adjusted tariffs, China will encourage companies to import agricultural products from the US in line with market principles,” said Chen Chao, director general of the Department of American and Oceanian Affairs at the Ministry of Commerce, in a speech at the China…

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