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China Gives Approval for Glencore’s (Swiss) Acquisition of Canada’s Largest Grain Operator

Glencore International Plc won approval from China’s Ministry of Commerce on Friday for its C$6 billion ($6 billion) purchase of Canadian grain handler Viterra Inc, clearing the last regulatory hurdle for the long-delayed deal. The takeover, one of the largest in the global agriculture industry in years, was originally expected to close by late July.

Chinese Agricultural Investment Increases 26% Over 2011 Allocation

China has allocated 29 billion yuan ($4.6 billion) from its central budget to improve the quality of farmland and boost grain production this year, the Ministry of Finance said Tuesday. The funds, part of the country’s comprehensive agricultural development plan, represent a 6 billion-yuan increase, or 26% increase, from the investment in 2011, the ministry

Japanese Italian-Style Restaurant Chain to Establish Food Production Unit in Guangzhou (Southern China)

Restaurant chain operator Saizeriya Co. will set up a food production subsidiary in Guangzhou in China’s Guangdong Province by the end of the month. The move is part of Saizeriya’s effort to strengthen overseas operations. The new unit will produce pizzas, meat sauce and other foods that will be supplied to Saizeriya restaurants in Guangzhou,

Chinese Communist Party Voices Concern over Rural Land Expropriation and Potential Water Shortages

A top Chinese agriculture official backed measures to prevent farmland grabs in China, warning that the country’s waning self-sufficiency will make it increasingly dependent on imports to feed itself. Chen Xiwen – deputy director of the Chinese Communist Party’s leading group on rural policy – said China had to better protect its arable land, and