As Asia’s heavyweight, adjusts to the so-called ‘New Normal’, the question arises of how countries across the world will deal with increased exposure to a China that is no longer posting the dizzying growth rates it once was, and which some experts feel is on the verge of a significant economic slump. While some like the UK are only now forging major economic links with China in earnest, others have been hitched to China’s economic growth for years. So when China does sneeze, who catches a cold? We give you the lowdown of who’s at risk and who’s not.
Until recently, China had largely fed itself. Yet now the tables have turned, transforming China into the largest food importer in the world. Changing food consumption patterns in China have seen increasing demand for foreign consumer food brands outpaced by even faster growth in demand for imported agricultural products and feed stocks. This has happened despite a continuing stated policy goal of food self-sufficiency. The result has been an evolution in land use within China, greater integration of Chinese state-owned enterprises (SOEs) in global wholesale markets and a subtle shift of emphasis away from self-sufficiency within China, towards prioritizing the security of the Chinese supply chain.
With “food security” becoming a buzzword in China’s poliburo, where does the country turn for its most urgent food needs? In October 2013, China’s Ministry of Finance announced it would allocate RMB 600 million to boost food output and China’s food security to meet increased domestic consumption, food price inflation, urbanization and the resulting decline […]
In 2011 China engaged in multilateral trade across the globe, both spending on imported goods and services, and investing in foreign industries. Topping China’s shopping list were machinery and electrical equipment imports from Japan, Korea, Taiwan, the United States and Germany, followed by mineral products from Australia, Russia and Indonesia. Five of China’s key import […]