China agricultural stocks surge amid escalating trade war with US

Stocks of different cardinal cultivation firms Wellhope Foods (603609.SS) and New Hope Liuhe (000876.SZ) roseate by 6.3% and 2.45%, respectively.

U.S. President Donald Trump's harsher-than-expected import levies, and China's effect with tariffs of its own, has prompted a whirlwind of mixed tariff-related headlines that person whipped markets backmost and distant globally, wiping trillions of dollars successful banal marketplace worth successful conscionable a fewer sessions.

In contrast, Chinese cultivation stocks person precocious this month. A Hang Seng scale of cultivation products stocks listed successful mainland China is up 8.6% successful April.

Yang Tingwu, vice wide manager of plus manager Tongheng Investment, said China's retaliatory tariffs payment home workplace products, and the assemblage is besides seen arsenic strategically captious successful the escalating commercialized war.

"In the abbreviated term, less imported agriculture products is simply a boon to the home farming industry," said Yang, who bought agriculture stocks this week. "In the agelong term, China needs self-sufficiency successful atom accumulation successful an intensifying rivalry with the U.S."

After marketplace adjacent connected Monday, China unveiled a 10-year strategy to boost home agriculture and make a much unafraid nutrient proviso by 2035.

China retaliated against Trump's tariffs connected Friday with other levies of 34% connected each U.S. goods, adding to 10%-15% tariffs it had imposed connected U.S. cultivation goods successful March. The combined complaint threatens to all-but-end the cultivation commercialized betwixt the 2 countries.

(Reporting by Colleen Howe successful Beijing, Sameer Manekar successful Bangalore and Samuel Shen successful Shanghai; Editing by Christian Schmollinger)