China is not pushing to expand overseas farming and Chinese companies are less active in their investment abroad because of concerns of potential political risks, a senior Agriculture Ministry official said on Wednesday. To meet a perennial shortfall in soybean supply, China, the world's largest soy importer, will continue to import from major growing countries such as the United States, the largest exporter, rather than seeking to buy up farmland outside China, said Qian Keming, market econo...read more
China is not pushing to expand overseas farming and Chinese companies are less active in their investment abroad because of concerns of potential political risks, a senior Agriculture Ministry official said on Wednesday. To meet a perennial shortfall in soybean supply, China, the world's largest soy importer, will continue to import from major growing countries such as the United States, the largest exporter, rather than seeking to buy up farmland outside China, said Qian Keming, market economics director at the ministry.