China no longer wants to import more grains

Published 2024년 6월 7일

Tridge summary

China, the world's leading importer of many agricultural commodities, has implemented its first food security law to achieve self-sufficiency in basic grains. The law, passed quickly to address production challenges like arable land, water, labor, and technology shortages, aims to guide local governments and the agricultural sector to increase food production and protect agricultural land and germplasm resources. The law also imposes severe fines for violations and outlines a national cereal emergency plan and food security monitoring system. While some analysts suggest the law may not significantly impact how China boosts food production in the short term, they caution that the actions of the world's largest grain importer should not be overlooked.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

It is very interesting because it is the world's leading importer of a long list of agricultural commodities. The Chinese authorities have had an obsession for a few years now: to be self-sufficient in cereals, to say the least. This fixed idea has been strengthened after the trade war with the United States that Donald Trump promoted during his presidency. To be honest, Joe Biden has not had a much friendlier relationship with the leaders of the Chinese Communist Party (CP) or with the inexhaustible universe of goods that this country manufactures and exports. China has increasingly placed great importance on food security, needing to feed more than 1.4 billion people with just 9 percent of the world's arable land. The news now indicates that China's first food security law aimed at achieving "absolute self-sufficiency" in basic grains came into effect last Saturday, consistent with the idea of strongly reducing its dependence on foreign purchases. The law, adopted by the highest ...

Source: Infobae