pand market access to US firms, Washington should move forward on some issues, such as tightened export controls to China,” Mei added.
Besides the purchase of more US soybeans, there is more room to buy additional ‘
’US goods such as energy products, aircraft and automobiles as part of efforts to reduce the US trade deficit with China.
Notwithstanding the good momentum of trade talks, the US seems to be hastening its offensive against China in various sectors.
In a Saturday article, CNN said US intelligence warned that China was using “student spies” to steal secrets from the US.
Unnamed lawmakers and intelligence officials were quoted as saying that the Chinese are
“notorious” for their patriotism and nationalism that could allegedly “coerce them into carrying out acts of espionage.”
On Friday, the Wall Street Journal reported that the US Energy Department said it woul
d ban its scientists and employees from participating in talent-recruitment programs sponsored by China and other countries.
The department oversees 17 national laboratories conducting advanced resear
ch in such areas as nuclear physics and supercomputing.
This is not the first time US officials have accused Chinese students of espionage, while Chine
se students, based on official US data, accounted for over 30 percent of the country’s international students in 2018.
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record high in its soybeans exports to China. As of the end of 2018, the local industry association estimated that the country’s total soybeans output will reach 120 million to 125 million tons – a new high – in 2019.
Brazil will enter the harvest season for soybeans in coming months. As China restarts to im
port more from the US, companies in Brazil have also lowered their expectations for soy oil exports.
Brazil’s exports are expected to fall to 400,000 tons this year versus 1.43 million tons last year in terms of soy oil exports, according to Amaral.
Still, the Brazilian industry representative remained optimistic about the future of soybeans trade with China.
“Even with the more intense participation of US products in the Chinese
market, we believe China will continue to need Brazilian soy to fulfill its domes
tic market,” he said, noting that neither US or Brazil can adequately supply Chinese demand.
“Brazil will keep an important presence in the Chinese market,” Amaral added.
Soybeans have been a crucial element in simmering trade tensions between the two count
ries, CNBC said on Saturday. China, the world’s largest soybeans importer, cut off purchases from the US in 201
8, sending prices tumbling and leaving US farmers struggling to sell off their record harvest, the media report noted.
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Iran unveiled an indigenous long-range cruise missile on Saturday, Tasnim news agency reported.
The missile, Hoveizeh, was displayed at a ceremo
ny in the capital Tehran, which was attended by Iranian Defense Minister Amir Hatami.
Manufactured by Iranian Defense Ministry’s Aerospace Industries Organization
, the missile is ready to be delivered to the Islamic Revolutionary Guard Corps (IRGC) Aerospace Force.
With a range of 1,350 km, Hoveizeh cruises at low altitudes and is used for ground targets.
It has high precision and accuracy and is capable of inflicting heavy destruction on the targets, Hatami said.
The Iranian minister also described the Hoveizeh missile as “a symbol of self-confide
nce,” saying it is a major defense achievement in world’s military technologies.
Despite western calls to curb its missile program, Iran has vowed to continue to develop and test missiles in line with its deterrence policy.
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