Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Chinese farm official says 'good outcome' from trade talks: state media

Published 09/22/2019, 11:20 PM
Updated 09/23/2019, 01:25 AM
© Reuters.  Chinese farm official says 'good outcome' from trade talks: state media

BEIJING (Reuters) - China did not cancel planned visits to farms in the United States because of challenges in trade negotiations with the U.S., the country's senior agricultural representative in the talks said, according to a report by state-backed media group Yicai on Sunday, who added the talks last week achieved a "good outcome."

Chinese officials on Friday unexpectedly canceled visits to farms in Montana and Nebraska scheduled for this week, as deputy trade negotiators wrapped up two days of talks in Washington, casting further uncertainty over a Sino-U.S. trade deal.

Last week's trade negotiations were constructive and made thorough preparation for talks in early October, said Han Jun, the deputy director of the Office of the Central Rural Work Leading Group, at an event in Washington, D.C., according to Yicai.

"There was a good outcome from the negotiations in the agriculture area too. The two sides had thorough and candid communications," csaid, according to Yicai.

The farm visits were planned separately to the trade talks, and the U.S. side has said they will send out another invite another time, Han said, according to the report.

The farm visits were seen as a goodwill gesture, which could have led to purchases of U.S. soybeans and pork.

The cancellation pushed major global stock indexes lower on Friday as optimism about a trade deal faded.

China is willing to further expand the scale of Sino-U.S. agricultural trade and deepen cooperation between the two countries in the agriculture sector, Han said, according to the report.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.