US Says China Agrees to Buy Farm Goods, Create Investment Board

China has agreed to buy at least $17 billion of agricultural products annually through 2028 and establish boards of trade and investment, the US said after the leaders of the two nations held a major summit in Beijing.

The two boards form “the cornerstone of this historic agreement” between President Donald Trump and Chinese leader Xi Jinping as they work to “optimize” trade between the world’s largest economies, the White House said in a fact sheet on Sunday.

One day earlier, the Commerce Ministry in Beijing said both sides would adopt a series of measures, including mutually cutting levies on ...