China Extends Beef Import Investigation Amid Domestic Industry Concerns

In a move that underscores its commitment to protecting domestic industries, China's Ministry of Commerce (MOFCOM) has announced an extension of its safeguard investigation into foreign beef imports. This decision, revealed on Wednesday, adds another three months to the probe, pushing the deadline to the end of November this year.

The investigation, initially launched in December of the previous year, aims to assess the impact of imported beef on China's domestic beef industry. The extension signals Beijing's cautious approach to ensuring the health and competitiveness of its local markets amidst global trade dynamics.