China stockpiling commodities at record rate due to phase-one, COVID

China is stockpiling a variety of commodities at unprecedented rates because Beijing is working to fill phase-one obligations and because prices are low due to the global recession, according to analysts. The stockpiling will allow China to shore up supplies before a possible second wave of COVID-19 cases, these analysts say. As part of its phase-one trade deal with the U.S., China committed to purchase $32 billion more U.S. agricultural goods over two years than it did in 2017. Overall,...