Lates News

On the morning of the 10th local time, the Sino-US high-level economic and trade talks began in Geneva, Switzerland. Tan Zhu took note that just before the talks, China signed letters of intent with Argentine exporters to purchase soybeans, corn, and vegetable oil. At the end of April, the Chief Minister of the Brazilian Presidential Palace, Costa, visited China and Tan Zhu learned that Brazil hopes to reach a sustainable, long-term, implementable cooperation with China to jointly address the current complex and severe international situation. In early April, China had just signed a purchase contract for at least 2.4 million tons of soybeans with Brazil, which is equivalent to nearly one-third of its usual monthly import volume. It can be seen that just before the Sino-US talks, China is seeking alternatives to American products from various sources.