U.S. Department of Agriculture. Economic Research Service. Foreign Agricultural Trade of the United States. Washington, D.C. Various Issues. Several months ago, USDA initiated the process of establishing credits for China, but the Chinese government has been somewhat slow to respond.
Observers attribute the sluggish pace to Chinese domestic political and economic factors.
97th Congress, 2d session, May 1982, pp. Since 1987, when China first became eligible for EEP commodities, it has imported over 28 million metric tons of EEP-subsidized wheat. The estimates in this section were calculated upon CRS request by the WEFA Group, an economic consulting firm located in Bala Cynwyd, Pennsylvania. Hereafter, the term year will refer to the June-May wheat marketing year. In an alternative scenario, WEFA assumed that China would be denied MFN status this year and would retaliate by not importing any wheat from the United States for the next three years, a scenario perhaps made more possible by the existence of China's large grain stocks.