China Expert Says Buying $40 Billion in U.S. Farm Goods Viable
- Country could buy $18.7 billion in U.S. Soybeans: Shanghai JCI
- Grains, chicken feet, nuts and fish could be purchased: JCI
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China won’t have a problem buying $40 billion in U.S. farm goods a year despite growing concerns over the feasibility of the deal, an influential Chinese industry expert said.
Shanghai JC Intelligence Co., China’s most clued-in agricultural consultant and researcher, says that the Asian country could spend $18.7 billion a year on U.S. soybeans. It could also buy about $7 billion worth of other grains and related products, more than $2 billion in poultry and chicken feet, and $2.5 billion worth of nuts, JCI said. Cotton, fish and ethanol are also on the table, it said.