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        China can achieve more than 40 billion US dollars annually


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U.S. trade representative leighthezer earlier said that China would increase its purchases of U.S. agricultural products to $40-50 billion a year in the next two years.
The agreement has not yet been signed, raising doubts about whether China can import such large-scale American agricultural products.
'most foreign media don't believe that China can deliver on its promises, but as a Chinese consulting firm focused on the agricultural market, JCI believes that China has the ability and will deliver,' the Shanghai based JCE wrote in a report.
JCI estimates that China can buy about $41.3 billion worth of U.S. agricultural products each year, including about $18.7 billion or 45 million tons of soybeans.
Soybean has been hit hard in the US China trade war, which has hurt American soybean farmers who are highly dependent on the Chinese market.
Last year, China's imports of American soybeans fell by half to 16.6 million tons, the lowest level since 2008.
JCI said its forecast was based on a "detailed study" of China's past us agricultural imports and assumed that climate and pricing were always favorable. China's soybean imports hit a record high of 33.66 million tons in 2016, the company said.
JCI estimates that another $2.1 billion will come from imports of 1 million tons of frozen pork and offal, while imports of sorghum, corn and grain distiller's grains will reach about $1.8 billion, respectively. This does not include procurement for national reserves.


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