国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / China US trade tensions

More US agricultural products on way

By Zhong Nan | China Daily | Updated: 2020-01-17 08:40
Share
Share - WeChat
Farmer Terry Davidson holds a soybean pod in Harvard, Illinois, the same day China imposed retaliatory tariffs aimed at the US soybean market, July 6, 2018. [Photo/VCG]

More agricultural products imported from the United States will help meet demand from Chinese consumers and promote supply-side structural reform in the agricultural sector, experts said on Thursday.

Their analysis followed the signing of the phase-one China-US trade agreement on Wednesday in Washington, winding down a 22-month trade dispute between the world's two biggest economies.

Under the agreement, China will purchase more US agricultural products, including beef, pork, wheat, dairy, rice and aquatic products, from now until the end of 2021. The US will allow Chinese agricultural products, such as fragrant pears, citrus and jujube, to enter the US market.

These moves could create more space for both sides to enlarge trade volume with even more agricultural products in the next stage if the terms on the agreement can be smoothly implemented, said Cheng Dawei, professor of international trade at Renmin University of China's School of Economics.

The US and China are complementary in the agricultural sector. Increasing domestic demand for high-quality products and the Chinese people's diverse dietary habits will ensure the country can absorb the increased US imports, Cheng said, adding that the agreed purchases are based on changing domestic conditions.

Although Sino-US trade fell by 10.7 percent to 3.73 trillion yuan ($542.13 billion) in 2019 because of the trade tussle, China's imports from the US recovered some lost ground in the final two months of last year. US shipments to China rose 9.1 percent year-on-year to 78.83 billion yuan in December, according to the General Administration of Customs.

Agricultural products coming from the US to China reached 14.1 billion yuan last month, a surge of 200 percent year-on-year, the GAC said.

The trade deal with the US will not adversely affect the Chinese economy because China has pledged to further promote its domestic economic development based on mutual benefit, said Mei Xinyu, a researcher at the Chinese Academy of International Trade and Economic Cooperation.

He stressed that the additional imports of US agricultural products must be based on market demand and World Trade Organization rules. The prices of those US products should be competitive and meet the quality and safety standards required by the Chinese authorities.

If US companies want to increase their market share in China, they must improve the competitiveness of their products, Mei said, adding that it is advisable for them to enter into more partnerships with domestic companies in the processing and retail sectors to boost their understanding of the local market, Mei said.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
高唐县| 高清| 云和县| 永川市| 桂平市| 永福县| 沙洋县| 东至县| 寿阳县| 嘉义市| 青神县| 平度市| 黄浦区| 新巴尔虎左旗| 寿宁县| 深泽县| 永昌县| 鹤峰县| 台安县| 乐东| 龙州县| 柳河县| 乌什县| 恩施市| 苏州市| 丽江市| 合肥市| 威信县| 吴江市| 黎平县| 新沂市| 连州市| 唐山市| 赣州市| 邻水| 商都县| 醴陵市| 隆德县| 塔河县| 兴宁市| 富平县|