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        <title><![CDATA[China to ramp up farm goods purchases after Hawaii summit with Pompeo]]></title>
        <atom:link href="https://usagag.com/2020/06/19/china-to-ramp-up-farm-goods-purchases-after-hawaii-summit-with-pompeo/" rel="self" type="application/rss+xml" />
        <link>https://usagag.com/2020/06/19/china-to-ramp-up-farm-goods-purchases-after-hawaii-summit-with-pompeo/</link>
        <lastBuildDate>Fri, 19 Jun 2020 14:21:03 +0000</lastBuildDate>
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            <media:title type="html">China to ramp up farm goods purchases after Hawaii summit with Pompeo</media:title>
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        <content:encoded><![CDATA[<p>China will speed up its purchases of American farm goods under its trade deal with the US <strong>following a summit between the two countries</strong>, a new report says.</p><p>Beijing plans to ramp up purchase of products such as soybeans, corn and ethanol after the coronavirus crisis caused purchases to fall behind, <strong>according to Bloomberg News</strong>. Chinese officials have pushed state-owned agricultural buyers to meet the terms of the landmark phase-one trade pact, the outlet reported Friday.</p><p>The accelerated buying will follow US Secretary of State Mike Pompeo&#8217;s Wednesday meeting in Hawaii with Yang Jiechi, a member of the Chinese Communist Party&#8217;s Politburo. Jiechi &#8220;recommitted to completing and honoring all of the obligations&#8221; of the trade deal during the meeting, <a href="https://twitter.com/SecPompeo/status/1273661424297029633" target="_blank" rel="noopener noreferrer">Pompeo said on Twitter</a>.</p><p>China committed to buying $36.5 billion worth of US agriculture goods under the phase-one agreement, but only purchased roughly $4.6 billion in the first four months of the year amid the coronavirus pandemic, according to Bloomberg News.</p><p>Officials on both sides of the Pacific have pledged to <strong>forge ahead with implementing the trade deal</strong> despite escalating tensions between Washington and Beijing. President Trump has slammed the Chinese Communist Party&#8217;s handling of the coronavirus outbreak and also <strong>moved to end special treatment for Hong Kong</strong> in response to Beijing&#8217;s effort to impose national security restrictions on the territory.</p></p></div></p></div>]]></content:encoded>
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