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Caixin Global
Caixin Global

Business Brief (May 22): China, U.S. Advance Agricultural Trade Talks

China and the U.S. have reached a series of positive consensuses on resolving non-tariff barriers and market access issues for certain agricultural products, according to China’s Ministry of Commerce.

The two sides agreed in principle to include relevant products in a reciprocal tariff reduction framework and set guiding goals to expand bilateral agricultural trade.

NEWS SUMMARY

Bilateral trade between China and Russia reached $85.2 billion in the first four months, a 19.7% increase year-on-year.

China’s electric-vehicle charging infrastructure network expanded to nearly 22 million units by the end of April.

Contact editor Lin Jinbing (jinbinglin@caixin.com)

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