Wendong Zhang, associate professor, spoke about the meeting between President Joe Biden and President Xi Jinping Monday at the “Harvest Marketing Insights & China’s Commodity Appetite” webinar, according to the Nov. 17 Successful Farming story, "MARKET PREDICTIONS, HARVEST PROGRESS, AND CHINA-IOWA RELATIONS TOPIC OF 'TRADE TALK' WEBINAR."
He commented that while no real progress was made on any specific issues at the presidential meeting, it was important for them to meet.
“The ‘phase one’ deal not only has agricultural targets, but also has manufactured goods targets and energy targets,” says Zhang.
Zhang says that as China deals with African swine fever, it is importing more ag products like pork to meet rising protein consumption; 97% of its pork was produced domestically prior to African swine fever.
This webinar, which is part of the “Trade Talk” series, is hosted by Iowa Economic Development.