China’s Latest Purchase Tops 80% of 12 Million-Ton February Pledge
According to U.S. Treasury Secretary Scott Bessent (head of U.S. Treasury), China has purchased over 80% of a 12 million metric ton commitment due by the end of February.
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Terms & Concepts
metric ton: A mass unit equal to 1,000 kilograms (about 2,205 pounds).
purchase pledge: A public commitment to buy a specified quantity within a stated timeframe.