More than a dozen Chinese and the U.S. enterprises on Oct. 14, 2016 signed agricultural transaction contracts worth 2.1 billion U.S. dollars, under which Chinese enterprises will import 5.1 million tons of farm products from the U.S. companies.

The signing ceremony held in Des Moines, Iowa, a leading soybean-producing state in the United States.

Chinese official statistics show that China accounts for 60 percent of the world's soybean transactions. China consumed 95 million tons of soybeans in the 2015-2016 seasonal year, and is expected to consume 98 million tons in the following seasonal year, of which the demand for import will be 83 million tons, up 1.2 percent from the 2015-2016 seasonal year.