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huge and growing population
increasing desire to upgrade lifestyle, especially foods
limited resources
now outside issues with food storage/production
https://www.forbes.com/sites/salgil...-import-purchases-send-a-signal/#1ccdb4dc1bcb
***Above average rainfall and rising floodwaters are not just threatening to compromise China’s gargantuan Three Gorges Dam; rain and flooding are already disrupting rice, wheat and other crop production in the provinces all along the entire Yangtze River...last week press reports emerged citing the poor quality in some state owned corn inventories, some of which are years old. The reports coincided with two large Chinese purchases of corn from the United States, one of which was its largest purchase ever (1.76 million metric tons or 69 million bushels).
Furthermore, corn prices in China have risen to 5 year highs even though China has recently sold more than 1.4 billion bushels of corn out of state reserves, which would indicate there is a definite issue of some sort with China’s corn supply. The USDA’s Foreign Agricultural Service points to an unusually early and intense infestation of Fall Army Worm in June as the likely cause of China’s current corn angst.***
not good news for Beijing.
the people will tolerate a lot of grief but if they can't eat they will make some noise. I wonder if the CCP is shaking these days. I can imagine a lot of them have overseas accounts and standby aircraft...
increasing desire to upgrade lifestyle, especially foods
limited resources
now outside issues with food storage/production
https://www.forbes.com/sites/salgil...-import-purchases-send-a-signal/#1ccdb4dc1bcb
***Above average rainfall and rising floodwaters are not just threatening to compromise China’s gargantuan Three Gorges Dam; rain and flooding are already disrupting rice, wheat and other crop production in the provinces all along the entire Yangtze River...last week press reports emerged citing the poor quality in some state owned corn inventories, some of which are years old. The reports coincided with two large Chinese purchases of corn from the United States, one of which was its largest purchase ever (1.76 million metric tons or 69 million bushels).
Furthermore, corn prices in China have risen to 5 year highs even though China has recently sold more than 1.4 billion bushels of corn out of state reserves, which would indicate there is a definite issue of some sort with China’s corn supply. The USDA’s Foreign Agricultural Service points to an unusually early and intense infestation of Fall Army Worm in June as the likely cause of China’s current corn angst.***
not good news for Beijing.
the people will tolerate a lot of grief but if they can't eat they will make some noise. I wonder if the CCP is shaking these days. I can imagine a lot of them have overseas accounts and standby aircraft...